Oil markets volatile amid ceasefire doubts

The Strait of Hormuz, a vital artery for global energy supplies, remains at a near standstill as shipping companies await clarity on transit security.

Iran has suggested it may have mined the waterway and is reportedly considering a controversial toll system for passing vessels.

While major indices in Asia and Europe showed early gains, the persistence of high fuel costs continues to threaten global economic stability.

Analysts warn that even if the truce holds, the extensive damage to regional energy infrastructure will keep prices elevated for months to come.