President Donald Trump has extended a truce with Iran following the collapse of peace negotiations. While the ceasefire provides temporary relief to markets, the strategic blockade of the Strait of Hormuz remains in effect.
- Ceasefire extended just before the previous two-week window expired
- Peace negotiations between the US and Iran have been scrapped
- Strategic blockade of the Strait of Hormuz continues
- Treasury yields declined from session peaks following the announcement
- Market remains sensitive to both geopolitical tensions and Fed leadership changes
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