Iran ceasefire risk puts geopolitical premium back in focus

President Trump said his tentative ceasefire with Iran is done, raising the risk of renewed conflict.
For markets, the key issue is not only the political headline.
It is the energy and shipping risk that comes with escalation in the region.
Any renewed conflict involving Iran can quickly pull attention back to oil, the Strait of Hormuz, and global supply chains.
For $WTI, geopolitical risk premium is back on the screen.