CNBC Daily Open: Markets cheer ceasefire — but hostilities continue

Iran seized ships in the Strait of Hormuz after Trump extended the ceasefire, signaling the truce may be unstable. The incident raises immediate geopolitical risk around a critical global shipping chokepoint and could support higher energy and freight volatility. Markets are likely to price in a risk-off response given the potential for further escalation.

Analysis

Iran seized ships in the Strait of Hormuz after Trump extended the ceasefire, signaling the truce may be unstable. The incident raises immediate geopolitical risk around a critical global shipping chokepoint and could support higher energy and freight volatility. Markets are likely to price in a risk-off response given the potential for further escalation.