Vessel traffic continues under IRGC supervision, IRIB reports; has been about 100 hours since calm was restored in the Strait of Hormuz and no clashes were reported during these four days

The IRGC's continued supervision of vessel traffic in the Strait of Hormuz, following a period of calm, suggests a stabilization of the situation, but it also reflects ongoing tensions. As there have been no clashes reported for several days, this may provide some relief to oil markets; however, traders should remain cautious as any signs of renewed conflict could lead to volatility, especially for oil and risk assets. Keep an eye on oil prices today as sentiment fluctuates with geopolitical developments.