Keyword → FOMC inflation

Fragile U.S.-Iran Ceasefire Leaves Strait of Hormuz Blocked, Oil Back Above $100

Apr 9, 2026

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Fragile U.S.-Iran Ceasefire Leaves Strait of Hormuz Blocked, Oil Back Above $100

A two-week ceasefire between the U.S. and Iran sparked a historic rally on Wednesday, but optimism faded Thursday as Iran continued restricting tanker traffic through the Strait of Hormuz, pushing WTI crude back above $100 per barrel and sending equities lower after the prior session's surge.

XOMCVXCOPBPSHEL +30 more
Iran ceasefireStrait of Hormuzoil pricesWTI crudeMiddle East conflictenergy shockFOMC inflationgeopolitical risk
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