WS #10871
US-Iran 60-day ceasefire MOU confirmed; Strait of Hormuz traffic accelerating, Persian Gulf exports recovering to ~75% of prewar levels, likely pushing oil prices lower. A 4.8 magnitude aftershock hit near Venezuela, death toll rises above 1,400, but limited direct US market impact.
US-Iran Ceasefire and Oil Market Impact
US-Iran 60-day ceasefire MOU confirmed; Strait of Hormuz traffic accelerating, Persian Gulf exports recovering to ~75% of prewar levels, likely pushing oil prices lower.
A 4.8 magnitude aftershock hit near Venezuela, death toll rises above 1,400, but limited direct US market impact.