WS #11816
Trump declares ceasefire over but agrees to continue talks; Strait of Hormuz transits plummet to 22 vessels; IEA warns escalation could flip oil surplus forecast; oil steady at ~$75/bbl, well below war peak of $120. Trump decides against imposing tariffs on commercial aircraft, jet engines, and parts, opting for negotiations to shore up aerospace supply chain.
US-Iran Ceasefire Collapse and Oil Market Impact
Trump declares ceasefire over but agrees to continue talks; Strait of Hormuz transits plummet to 22 vessels; IEA warns escalation could flip oil surplus forecast; oil steady at ~$75/bbl, well below war peak of $120.
Trump decides against imposing tariffs on commercial aircraft, jet engines, and parts, opting for negotiations to shore up aerospace supply chain.