A two-week ceasefire was agreed between President Trump and Iran at the 11th hour; Trump had given Iran until 8 p.m. E.T. Tuesday to reopen the Strait of Hormuz. The temporary ceasefire should lower near-term shipping and oil-price risk premia and could prompt a short-term risk-on response in markets, but the limited two-week window leaves significant geopolitical uncertainty intact.
A two-week ceasefire was agreed between President Trump and Iran at the 11th hour; Trump had given Iran until 8 p.m. E.T. Tuesday to reopen the Strait of Hormuz. The temporary ceasefire should lower near-term shipping and oil-price risk premia and could prompt a short-term risk-on response in markets, but the limited two-week window leaves significant geopolitical uncertainty intact.
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mildly positive
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