Stocks and bond prices jumped after Iran’s foreign minister said commercial vessels may pass through the Strait of Hormuz freely for the remainder of the ceasefire period. Oil prices fell sharply alongside the dollar, reflecting reduced immediate supply-risk and safe-haven demand. The move has broad market implications given the Strait’s central role in global energy flows.
Stocks and bond prices jumped after Iran’s foreign minister said commercial vessels may pass through the Strait of Hormuz freely for the remainder of the ceasefire period. Oil prices fell sharply alongside the dollar, reflecting reduced immediate supply-risk and safe-haven demand. The move has broad market implications given the Strait’s central role in global energy flows.
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