[Analyst: Interest rates are extremely sensitive to energy prices, and rates will drop significantly after the reopening of Hormuz] Odaily Planet Daily News – Louis Navellier, an analyst at Navellier & Associates, stated in a report that interest rates have become extremely sensitive to energy prices. Once the Strait of Hormuz reopens, interest rates are expected to drop significantly. He pointed out that until then, upward pressure on inflation will persist and added that any rate cuts by the Federal Reserve will be delayed until the recent surge in energy inflation subsides. Navellier said: 'If the Strait of Hormuz remains closed a month from now, energy prices will almost certainly rise, driving up inflation and interest rates.' He also noted that this would pose challenges for the U.S. midterm election cycle, as historically, midterm elections often trigger market downturns. 'Trump is under pressure to "resolve" the Iran issue as soon as possible,' he said. (Jin10)