Anonymousabout 2 hours ago
A Pakistan-mediated ceasefire between the US and Iran, announced on April 7, 2026, triggered the largest single-day oil price collapse since the 1991 Gulf War and sent Dow futures up 1,000 points — but the deal's fragile conditions, Iran's nuclear ambitions, and America's depleted strategic reserves raise serious questions about whether the market euphoria is premature. With the Strait of Hormuz responsible for 20 million barrels of daily oil transit and JP Morgan warning of $5 gasoline if the closure persists, the stakes of a deal collapse may be higher than if no ceasefire had been attempted at all.