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Two-week Iran ceasefire deal reached, outcome uncertain

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Two-week Iran ceasefire deal reached, outcome uncertain

Futures are ripping on the back of a two-week ceasefire between the US and Iran, which has oil trading ~15% off highs overnight given the Strait of Hormuz should be open for business during the pause - driving a potential rebound in traffic through the channel. With confusion around terms, what happens next is anyone’s guess - but trades that worked during the conflict could unwind if we get the off-ramp markets are starting to price.

Eli Rodney
Eli Rodney

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Apr 8, 2026

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2 min read

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