GEOPOLITICS | US-Iran Interim Deal Reopens Strait of Hormuz, Easing Market Stress

Global oil markets are focused on activity in the Strait of Hormuz after the US and Iran signed an interim deal to end their war and reopen the waterway. According to Bloomberg, equities have largely shrugged off the turmoil, while central banks and traders are watching for signs of further energy-supply disruption and potential inflation impacts.