Daniela Hathorn, senior market analyst at Capital.com, said the announcement should be treated carefully. “On the surface, this is clearly positive for markets. However, the key issue is credibility and durability,” she said. “The Strait has already moved between ‘open’ and ‘restricted’ multiple times during the ceasefire period.”
Strait of Hormuz reopens: Relief for markets, but insurance risks remain elevated
By Awais
