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Relief Rally or Real Resolution? The Iran Ceasefire Market Breakdown
Executive Summary Late April 7, President Trump announced a two-week ceasefire with Iran, contingent on Iran reopening the Strait of Hormuz to safe passage. Iran’s Supreme National Security Council accepted. The market reaction was immediate and dramatic. WTI crude fell as much as 19% in after-hours trading to below $94, the largest single-day drop since…
