00:01oil prices fell sharply on wednesday morning as european and asian markets surged after the us
00:08and iran agreed to a two-week ceasefire that includes reopening the strait of hormuz
00:13although traders remain cautious until the truth proves durable markets reflected the newfound
00:18optimism that the conflict may cease brent crude stood at around 95 dollars per barrel on wednesday
00:25morning up almost 30 since the war began in late february but well below the peaks of recent weeks
00:31of 110 dollars per barrel the euro stocks 50 was up more than three percent in early trading while
00:38the broader pan-european stock 600 was over four percent higher and eyeing the largest daily increase
00:44since april 2025. the worry that has stocked markets since late february still remains namely that a
00:52prolonged disruption to gulf oil flows will keep energy prices elevated long enough to push a
00:57fresh wave of inflation through the global economy with or without a ceasefire
Comments