Markets are pricing a higher probability that the crucial Strait of Hormuz will reopen after U.S. President Donald Trump postponed planned attacks on Iran’s energy sector, easing immediate risk of oil-supply disruption. World leaders urged caution about a durable truce, leaving upside risk to oil prices, shipping costs and risk-off flows and implying continued elevated volatility in energy and trade-related markets.
Markets are pricing a higher probability that the crucial Strait of Hormuz will reopen after U.S. President Donald Trump postponed planned attacks on Iran’s energy sector, easing immediate risk of oil-supply disruption. World leaders urged caution about a durable truce, leaving upside risk to oil prices, shipping costs and risk-off flows and implying continued elevated volatility in energy and trade-related markets.
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