US Defence Secretary Hegseth says Iran is still motivated to keep the ceasefire intact; US allies have not done enough; reiterates Iranian Supreme Leader is believed to be wounded and alive

The remarks from US Defence Secretary Hegseth indicate a fragile stability in the region, highlighting Iran's commitment to maintaining the ceasefire, which could suggest short-term market stability in energy prices. However, concerns about US allies' inadequate contributions may heighten geopolitical tensions, potentially impacting oil supply dynamics and pushing WTI prices higher. Additionally, the mention of the Iranian Supreme Leader's condition adds uncertainty, as leadership changes can significantly affect regional policy and stability.