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Trump declines to extend US-Iran 60-day ceasefire deal as Brent tops $91 a barrel

AI Market Summary
The expiration of the US-Iran 60-day ceasefire MoU and Trump's refusal to extend it has intensified geopolitical risk around the Strait of Hormuz, pushing Brent above $91/bbl. Elevated disruption risk supports crude while pressuring risk assets via higher energy input costs and inflation sensitivity. UK equities are flagged lower in the near term as energy-led macro uncertainty rises.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-0.27%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
A 60-day ceasefire memorandum of understanding between the US and Iran expired on Monday, and Donald Trump said he would not extend it. Brent crude rose above $91 per barrel amid heightened geopolitical tensions. Supply risks around the Strait of Hormuz remained in focus as the standoff continued.
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