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Cat and mouse

US and Iran's ceasefire continues to be fragile, China and India's diverging preparedness
Published: 8 May 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Asia EditionVolume: 3Issue: 87
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US and Iran's ceasefire continues to be fragile, China and India's diverging preparedness

For the last few weeks, both sides have been playing for time. Iran bombs neighbors, closes the Strait and global pressure mounts on the US to sort itself out. And the US inflicts physical pain and economic hardship by bottling in Iran’s oil. But it’s the US that suffers most every day that this drags on. The mid-terms are coming. This fragile stalemate is constantly at risk of bubbling over.

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Benchmark reports published at the close of the trading day in Singapore.

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