The Israel-Iran war is the largest oil disruption in history as tanker traffic through the Strait of Hormuz remains at a standstill, according to Rapidan Energy Group, a leading energy market, policy, and geopolitical data and research firm.
Investors React to Trump’s OK of 2-Week Ceasefire With Iran
President Donald Trump said he agreed to a two-week Iran ceasefire just before his Hormuz deadline, sending oil sharply lower while bonds and stocks rallied