US-Iran ceasefire odds dip as Tehran rejects Strait of Hormuz reopening

· flowframe Pulse

The market eased after a senior Iranian official informed Reuters that Tehran would not reopen the Strait of Hormuz as part of a temporary truce, despite a Pakistani-brokered proposal. With mediators describing the prospects for a deal before the April 7 deadline as slim, traders have scaled back optimism for a resolution by month's end.

30¢ → 27¢ • Vol: $13.2M