US and Iran – Ceasefire and Reopening of the Strait of Hormuz Send Shockwaves Through Energy Markets and Global Exchanges!

The USA and Iran have reached a preliminary agreement, which aims to end the war and reopen the strategically important Strait of Hormuz for shipping. This would make one of the most important global oil and LNG routes , through which approximately one-fifth of the world's oil supply is transported, accessible again after weeks of blockade. However, the agreement remains explicitly a provisional accord: In the coming 60 days, further discussions in Switzerland will address central points of contention such as Iran's nuclear program, easing sanctions,...