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Market Impact: 0.75

US Blocks Oil Sales in New Test of Ceasefire

Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply ChainSanctions & Export Controls

The US launched a new round of strikes in Iran targeting 80+ sites and revoked a waiver that allowed new sales of Iranian oil, escalating risks to a fragile peace agreement. With repeated attacks on ships in the Strait of Hormuz, the move heightens supply disruption and sanctions-related pressure on oil markets. Net impact is broadly risk-off, likely to lift energy price volatility.

Analysis

The US launched a new round of strikes in Iran targeting 80+ sites and revoked a waiver that allowed new sales of Iranian oil, escalating risks to a fragile peace agreement. With repeated attacks on ships in the Strait of Hormuz, the move heightens supply disruption and sanctions-related pressure on oil markets. Net impact is broadly risk-off, likely to lift energy price volatility.

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