Despite the US-Iran ceasefire, oil prices remain near $100 per barrel due to the controlled status of the Strait of Hormuz. Although prices dipped after the ceasefire announcement, supply shocks persist as the strait has not fully reopened. Analysts warn that continued restrictions in the strait could drive up oil prices and negatively impact global economic growth.
A ceasefire has paused fighting between the US and Iran, but core issues remain unresolved. Key outstanding concerns include the status of Iran's enriched uranium, the future of the Strait of Hormuz, and the situation in Lebanon. Experts suggest that while military threats have been reduced, a complete peace or agreement has yet to be reached.
The Hezbollah leader declared that his group would continue fighting Israel despite the US-Iran ceasefire announcement. He warned that they would not return to the status quo and would expel the occupier. This statement came as the US Vice President heads to talks regarding the ceasefire and the Strait of Hormuz with Iran.