Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict

The U.S. and Iran appear to be hardening positions after a temporary truce lapsed, with renewed negotiations rejected. This escalation risk raises the probability of a prolonged conflict, a development that typically pressures risk assets and can spill into energy prices via potential disruptions.

Analysis

The U.S. and Iran appear to be hardening positions after a temporary truce lapsed, with renewed negotiations rejected. This escalation risk raises the probability of a prolonged conflict, a development that typically pressures risk assets and can spill into energy prices via potential disruptions.