US-Iran Ceasefire Hits Expiry With Hormuz Still Shut, Brent Holds Near $89
The 60-day US-Iran arrangement signed in June reaches nominal expiry today with talks deadlocked and the Strait of Hormuz still shut. Brent holds near $89 after a 5% weekly gain. Israel and Hezbollah exchanged fire over the weekend. Crude-linked sectors and energy importers stay in focus.