Energy Markets Remain Volatile Amid U.S.-Iran Ceasefire
Despite a ceasefire between the U.S. and Iran, energy markets continue to experience volatility. Oil prices remain high, and supply disruptions persist, affecting global trade flows. The risk of closure around the Strait of Hormuz is impacting Middle Eastern producers, while European and African crude benchmarks hit record levels. Energy leaders are set to meet to address the crisis, focusing on both traditional and clean energy solutions.