Oil Opens Higher With Focus on US-Iran Ceasefire: Markets Wrap

Oil opened higher and US stock futures wavered as Israeli strikes in Lebanon and continued closure of the Strait of Hormuz damped optimism about a ceasefire in the Iran-related conflict. The developments heightened energy-supply risk and pushed markets into a more risk-off stance, weighing on near-term equity sentiment and commodity-linked assets.

Analysis

Oil opened higher and US stock futures wavered as Israeli strikes in Lebanon and continued closure of the Strait of Hormuz damped optimism about a ceasefire in the Iran-related conflict. The developments heightened energy-supply risk and pushed markets into a more risk-off stance, weighing on near-term equity sentiment and commodity-linked assets.