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CommoditiesMedium•14 April 2026•

1 min read

Cautious Relief in Hormuz as Hang Seng Jumps 6.8% on US-Iran Ceasefire News

Infographic of oil tankers and the Strait of Hormuz map with text showing a 9% oil price increase to 104.

Key Facts

1Iran claims control over the Strait of Hormuz and intends to seek tolls from passing vessels.

2South Korea's Kospi index slipped as concerns over energy supplies and global inflation resurfaced.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The narrative shifted from escalation in the Strait of Hormuz to a fragile US-Iran ceasefire, noting a recovery in the Hang Seng Index while oil markets remain cautious.

The United States and Iran have announced a ceasefire aimed at de-escalating tensions and potentially reopening the strategic Strait of Hormuz, sparking a recovery in Asian equities. In response, the Hang Seng Index surged 6.8% from its March lows to reach 25,887 points as trade route concerns eased. However, oil prices rose as investors remain skeptical regarding the ceasefire's ability to fully secure and stabilize global supply flows. The stability of the truce remains under threat due to continued heavy Israeli bombardment in Lebanon, which adds a layer of regional uncertainty. Meanwhile, gold prices held steady as traders weighed the reduction in geopolitical risk against upcoming US inflation data. This shift highlights a fragile market sentiment caught between diplomatic breakthroughs and ongoing military volatility in the Middle East.