The global financial markets are treading water as the Hormuz reopening deadline looms, with U.S. Donald Trump warning of severe escalation if Iran does not comply. The mood across financial markets is one of “calculated dread,” as investors await a decisive signal while avoiding aggressive positioning. Equities are mixed, currencies largely range-bound, and volatility subdued. […]The post Hormuz Deadline Looms as IMF Warns Oil Shock Drives All Roads to Stagflation appeared first on ActionForex.