The closure of the Strait of Hormuz has displaced tens of millions of barrels of crude since the war began in February.

Crude oil prices fell over 4% to their lowest levels in over three months.

The Hormuz ceasefire calmed markets fast, but Iran gained leverage, Israel lost tempo, and the Gulf faces a bigger resilience bill. What each actor actually won.

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

Interim accord to ease supply crunch that has gripped energy markets since February

A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However,…