Gulf markets rise on US-Iran ceasefire and Strait of Hormuz reopening. Crude oil reaching a new all-time high by December 31 at 13.5% YES.

Sources told Axios that the U.S. and Iran agreed to halt attacks and meet in Qatar on Tuesday to resolve differences over the Strait of Hormuz.

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed…

Gulf markets rise on US-Iran ceasefire and Strait of Hormuz reopening. Crude oil reaching a new all-time high by December 31 at 13.5% YES.