Why fourteen-day US-Iran ceasefire won’t fix global energy crisis

The market’s initial reaction—the sudden evaporation of the "war premium" on crude—is largely a psychological phenomenon. For months, the price of a barrel has been propped up not just by supply and demand, but by the sheer existential fear of a total shutdown of the Strait of Hormuz. With a fourteen-day window of silence, that fear has momentarily subsided as traders rush to lock in profits.

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