U.S. and Iran haven't backed ceasefire idea as Trump's Hormuz Strait deadline nears

A 45-day ceasefire proposal is reportedly being discussed by the U.S., Iran and a group of regional mediators. If implemented, a 45-day pause could materially reduce regional risk premia and ease pressure on oil and financial markets, but the outcome is currently speculative and depends on diplomatic agreement.

Analysis

A 45-day ceasefire proposal is reportedly being discussed by the U.S., Iran and a group of regional mediators. If implemented, a 45-day pause could materially reduce regional risk premia and ease pressure on oil and financial markets, but the outcome is currently speculative and depends on diplomatic agreement.