US-Iran Ceasefire Hits Expiry With Hormuz Still Shut, Brent Holds Near $89

Nictick — educational context

Scheduled expiry dates function as known-time events. Participants position ahead of them, which often compresses volume before the deadline and expands it after. When a supply route such as Hormuz remains closed, energy pricing feeds directly into inflation expectations, bond yields and currency behaviour across importing economies. Observing how order flow behaves around such events is a study in participation, not prediction.