Good Morning ,

Today's overview of economic news and market action:

• US & Iranian officials continued to provide mixed signals regarding the war yesterday …
• At the same time, the conflict continued and the Strait of Hormuz remained largely closed …
• This saw oil prices spike above $118 per barrel, albeit equity markets moved higher …
• Overnight, de-escalatory remarks from US & Iranian officials have support risk appetite …
• On the currency front, the dollar has been under pressure …
• Meanwhile, the euro has been holding a firmer tone …
• This sees EUR/USD open in the top half of $1.15-1.16. EUR/GBP is above 87p …
• Today, investors will be trying to assess if the war is actually de-escalating or not …

Join Jane Kavanagh from AIB’s Corporate Treasury desk, AIB Chief Economist David McNamara, Donal Whelton, Head of Agriculture & Food Manufacturing with AIB Business Banking, and Patrick Higgins, Head of Consumer Research, Food & Beverage at Goodbody, for this edition of AIB Market Talk focusing on Ireland’s agriculture and food manufacturing sector.

All rates quoted are indicative market rates.