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A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details in order to assess whether safe transits are possible after months of false starts.
Source
Bloomberg Markets
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The rupee has emerged as Asia’s best performer over the past month.
Sara Vakhshouri, founder of SVB Energy International, says the oil market has adapted to the Strait of Hormuz disruption and prices could fall to pre-war levels if the waterway "truly" reopens. She speaks with David Ingles and Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
Copper rose as an interim peace agreement between the US and Iran eased fears over global economic growth and stoked optimism for metals demand.
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