Comprised of some of the world’s most experienced geopolitical minds and business experts, Lazard Geopolitical Advisory provides strategic insights and bespoke analyses to help clients navigate potential risks and opportunities and meet their unique goals.
In their latest report, Lazard Geopolitical Advisory has prepared the attached analysis examining the fragile U.S.-Iran ceasefire announced on April 7, scenarios in the weeks ahead, and the implications for energy markets, supply chains, and the broader economy. As the conflict approaches its seventh week, the two-week truce has paused U.S.-Israeli strikes on Iran but left the core issues unresolved — with the Strait of Hormuz still effectively closed to commercial traffic, the Israeli-Lebanese front threatening to derail negotiations, and both sides far apart on enrichment, the future control of the Strait, U.S. troop withdrawal, and Iran’s support for regional proxies.
Lazard Asset Management serves as the Portfolio Manager of the Caldwell-Lazard CorePlus Infrastructure Fund.
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The information contained herein is intended to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of a specific investor. Commentary and portfolio characteristics are the opinion of the Portfolio Manager based on market conditions as of April 2026. References or inferences to returns do not take into account any management fees, transaction costs, commissions, custodial fees, taxes or other costs that apply when purchasing securities. We strongly recommend consulting with a professional advisor prior to making investment decisions.