April 9, 2026 — Strait Still Blocked.
Market Impact
Energy markets continue to navigate extraordinary volatility amid the U.S.-Iran ceasefire. The two-week truce represents the first de-escalation in the five-week conflict that has disrupted global oil supply chains, pushed crude prices to their highest levels since 2022, and sent U.S. gas prices above $4 per gallon nationally. Traders are closely watching the Islamabad talks set for Saturday as the critical test of whether this temporary ceasefire can become a permanent peace framework.