Energy Prices May Continue to Pressure Markets Despite Ceasefire Agreement

On April 8, Phillip Nova analyst Priyanka Sachdeva reported that despite U.S. President Donald Trump's agreement to a two-week ceasefire with Iran, high energy prices may continue to exert pressure on businesses and markets. According to Jin10, Trump agreed to halt attacks on Iran on the condition that the Strait of Hormuz is immediately reopened. Sachdeva noted that while the ceasefire might lead to the reopening of the Strait, it does not compensate for the damage to energy infrastructure. She added that the true cost of the conflict will be reflected in fuel prices at gas stations and global inflation in the coming months.