Israel-Iran Ceasefire Calms Markets Despite $300 Oil Price Risk
Key Points
- The Strait of Hormuz is critical for the global oil supply, ...
Twenty percent of the world's oil flows through a waterway that's currently about as stable as a house of cards in a windstorm. That's the Strait of Hormuz for you – the financial world's favorite anxiety trigger, now back in the spotlight thanks to a tentative Israel-Iran ceasefire that has traders cautiously optimistic.
The timing couldn't be more perfect for a breather. Just nine days ago on June 15, geopolitical jitters already had U.S. equity markets doing their familiar "risk-off" shuffle, with investors rotating out of anything that looked remotely adventurous. Now everyone's hoping th...
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