Oil Flows Again Through Hormuz as US-Iran War Ceasefire Takes Hold, Yet Deep Uncertainties Linger
An interim ceasefire between the United States and Iran came into force on Thursday, allowing oil tankers to resume transit through the Strait of Hormuz and pushing crude prices to their lowest levels since fighting erupted. However, unresolved disputes over Iran's nuclear programme and Israeli operations in Lebanon cast doubt on the agreement's durability.