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GeopoliticsHigh Impact•13 April 2026•

1 min read

Fragile US-Iran Ceasefire Tests Markets as Brent Hits $97 Amid Hormuz Blockade

Donald Trump centered against a backdrop of an Iranian flag map, oil refineries, and a rising financial chart.

Key Facts

1A two-week ceasefire between the United States and Iran began on Wednesday, but remains extremely fragile.

2Brent crude edged up to $97 per barrel due to ongoing tensions and shipping disruptions.

A tenuous two-week ceasefire between the United States and Iran commenced on Wednesday, though market participants remain wary of its long-term stability. Brent crude prices have climbed to $97 per barrel as geopolitical tensions and maritime disruptions continue to pressure energy supplies. The Strait of Hormuz remains a critical flashpoint, with reports indicating that between 800 and 900 vessels are currently stranded awaiting exit. While the ceasefire follows intense regional military exchanges, Iran's control over vital oil transit routes keeps the global energy market on high alert. Diplomatic efforts are expected to intensify this weekend with planned direct talks in Islamabad aimed at clarifying key demands. Investors are closely monitoring these developments, balancing the potential for de-escalation against the immediate reality of supply chain bottlenecks.