Geopolitics
Mediators between the US and Iran have floated the prospect of a 10-day ceasefire that would lower temperatures between the warring nations in an effort to prompt a return to negotiations, reports CNN citing sources
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Mediators proposed a 10-day ceasefire to lower US-Iran tensions. Oil prices adjusted downward as risk sentiment improved, though long-term geopolitical and supply chain uncertainties persist for investors.
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"In wasn’t immediately clear how advanced the proposal is. But the sources said the cessation in violence would also include lifting restrictions on the Strait of Hormuz. Iran has fired at commercial vessels attempting to transit the waterway, while Trump has reimposed a naval blockade on Iranian ports."
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