Iran Calls Continued Negotiations 'Unreasonable' Amid Shaky Ceasefire As Hormuz Fears Keep Oil Markets On

Oil rebounds as fragile Gulf ceasefire, constrained Hormuz keep supply risks elevated

Both benchmarks remain below US$100 per barrel in the previous trading session

Iran Calls Continued Negotiations 'Unreasonable' Amid Shaky Ceasefire As Hormuz Fears Keep Oil Markets On

Oil prices rebounded after a sharp 13% drop, driven by ongoing supply concerns and disruptions in the Strait of Hormuz, even as a U.S.-Iran ceasefire remains in place. Oil-linked ETFs such as the United States Oil Fund (USO) and United States Brent Oil Fund (BNO) edged higher, reflecting renewed investor interest in short-term price swings amid persistent geopolitical uncertainty. Importance Rank:  1

Oil Rebounds as Markets Reassess

We seem to be getting some sober second thought about the ceasefire in the markets today. Amid recognition that a ceasefire is not necessarily the end of the war and risks remain, world markets have been reversing some of yesterday’s big moves. Crude Oil contracts have bounced back up toward $100.00/bbl, with US Crude up 5.1% and Brent Crude up 3.8%. Gasoline is back up above $3.00/gallon with a 1.9% gain. Meanwhile stocks and metals are backsli…

Oil prices jump as shaky ceasefire keeps Strait of Hormuz in focus

Oil prices increased on Thursday due to uncertainties surrounding a two-week Middle East ceasefire, raising fears that energy shipments through the vital Strait of Hormuz might stay constrained, reported Reuters.

PBS NewsHour on Hormuz Shaky Future

https://www.youtube.com/watch?v=HjG8YAhoRUk William Brangham discusses the near term future in the Gulf of Hormuz' shaky cease fire with Jason Bordoff, the founding director of the Center on Global Energy Policy at Columbia University. Oil/Gas prices not coming down any time soon.