Strait of Hormuz remains effectively closed, according to WSJ citing Kpler, despite Iran's announcement.

The continued closure of the Strait of Hormuz presents significant risks to oil supply routes, likely maintaining upward pressure on WTI prices given the geopolitical instability.

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Around 20 ships are seen moving from the Gulf towards the exit via Strait of Hormuz, according to ship tracking data

The US is considering releasing USD 6bln in frozen Iranian assets as part of a first phase in a potential deal to end the war with Iran if certain conditions are met, via NY Post citing sources, with the potential to release up to USD 20bln

Strait of Hormuz remains effectively closed, according to WSJ citing Kpler, despite Iran's announcement.

BoC Govenor Macklem says bigger concern is rising medium and long-term inflation expectations; expecting a large March CPI figure, but still below 3%

Fed's Waller says if war creates high inflation and weak labour market, could call for holding rates steady

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  • Most shipping organizations say the waterway remains too unsafe to cross because of mines, while Iran's military has said it would block any vessel it doesn't authorize.
Context

This situation suggests that global energy markets could experience heightened volatility, developing as shipping organizations face increased costs and delays due to safety concerns. Watch how this plays into broader risk sentiment and energy stocks, as prolonged disruptions can amplify concerns over supply and price dynamics.

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