The news ramped up hopes for an end to the conflict and the reopening of the Strait of Hormuz, through which a fifth of oil and gas flows. However, the mood was deflated somewhat after Iranian media said there had been no talks between Tehran and Washington. Markets had started the week deep in the red after Trump warned Saturday that Iran had 48 hours to allow traffic through Hormuz or he would strike the country's energy infrastructure. "But you cannot instantly repair disrupted shipping lanes, fractured refining capacity, or the insurance black hole forming around tanker traffic. The market may trade the headline in the short term, but it settles on the barrel in the medium term.

Source: Bangladesh Sangbad Sangstha March 24, 2026 03:44 UTC