Oil prices eased Wednesday after President Donald Trump announced an indefinite extension of the U.S.-Iran ceasefire, reducing fears of an immediate Middle East supply shock. Brent fell to $97.42 and WTI to $88.53. However, the Strait of Hormuz remains largely constrained, with reports noting only three ships passed in the past 24 hours.
America’s military stockpiles are reportedly declining, with many precision-guided munitions now exhausted. Restocking these capabilities is a slow process, leaving gaps in readiness as new conflicts loom. With a prolonged ceasefire with Iran in place, the situation underscores how quickly scarce firepower can become a strategic constraint.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
The dollar climbed to a week high as markets questioned the durability of an Iran ceasefire and reassessed US policy expectations. Traders parsed comments from Federal Reserve nominee Kevin Warsh as slightly hawkish, while upbeat retail sales data boosted confidence in the US economy—together steering currency sentiment higher for the greenback.
Indian government bonds fell on Thursday as oil prices rose on uncertainty around the US-Iran ceasefire and disruptions in the Strait of Hormuz. The 10-year bond yield reversed nearly half of its biggest rally in four years, reflecting renewed risk premium and tightening market sentiment as energy and shipping shocks feed into rate expectations.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
