Trump said the Strait of Hormuz will be open by Friday, while officials said the US and Iran are due to sign an interim peace deal in Switzerland on Friday. The headline is highly relevant because any closure or reopening of the Strait can quickly affect global oil flows and energy prices. Market sensitivity is elevated given the geopolitical risk around one of the world’s most important shipping chokepoints.
Trump said the Strait of Hormuz will be open by Friday, while officials said the US and Iran are due to sign an interim peace deal in Switzerland on Friday. The headline is highly relevant because any closure or reopening of the Strait can quickly affect global oil flows and energy prices. Market sensitivity is elevated given the geopolitical risk around one of the world’s most important shipping chokepoints.
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