WS #14238
The US-Iran ceasefire MOU expires with no extension, Hormuz shipping near standstill (0 vessels Sunday), and oil prices firming near $89 Brent, escalating the geopolitical risk premium. US Strategic Petroleum Reserve fell below 300 million barrels for the first time since early 1980s, with experts warning of cavern damage and reduced emergency response capacity.
US-Iran ceasefire expiry and Hormuz standstill
The US-Iran ceasefire MOU expires with no extension, Hormuz shipping near standstill (0 vessels Sunday), and oil prices firming near $89 Brent, escalating the geopolitical risk premium.
US Strategic Petroleum Reserve fell below 300 million barrels for the first time since early 1980s, with experts warning of cavern damage and reduced emergency response capacity.