Oil Rebounds as Fragile Ceasefire, Hormuz Concerns Keep Supply Risks Elevated

Summary Market struggles to price clear path for Hormuz reopening Shipping traffic through Hormuz at virtual standstill despite ceasefire, data shows Strikes across Gulf raise supply threats despite ceasefire (Reuters) – Oil prices rose over 3% on Thursday as ​doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of … Read more