First ship reportedly passes through the Strait of Hormuz with Iran's permission after the ceasefire, State TV reports
Context
The passage of the first ship through the Strait of Hormuz with Iran's permission post-ceasefire indicates a potential de-escalation in tensions that could stabilize energy supply routes. This development may support oil prices, particularly WTI, as it reduces immediate geopolitical risk to shipping in this critical area, potentially impacting market sentiment during both the EU and US trading sessions.
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