The U.S. government has confirmed that a ceasefire is in effect in the Strait of Hormuz, despite ongoing attacks in the region. This development may influence risk appetite among investors, as stability in this critical shipping lane is essential for oil supply continuity. Energy markets, particularly crude oil, are most exposed due to the potential for supply disruptions stemming from geopolitical tensions. Traders will be closely watching for any further developments or statements from U.S. officials regarding the situation, as well as upcoming oil inventory data that could indicate the impact on supply dynamics.
US says Iran ceasefire in place despite attacks in Strait of Hormuz
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