Iran's Foreign Minister said the Strait of Hormuz will remain open during the ceasefire, reducing immediate fears of a supply disruption through a critical oil chokepoint. The statement is geopolitically important for crude and shipping markets, but the article provides no price move or follow-through details. Portfolio focus is likely on how much risk premium to remove from energy and defensives.
Iran's Foreign Minister said the Strait of Hormuz will remain open during the ceasefire, reducing immediate fears of a supply disruption through a critical oil chokepoint. The statement is geopolitically important for crude and shipping markets, but the article provides no price move or follow-through details. Portfolio focus is likely on how much risk premium to remove from energy and defensives.
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