Futures are ripping on the back of a two-week ceasefire between the US and Iran, which has oil trading ~15% off highs overnight

… given the Strait of Hormuz should be open for business during the pause, driving a potential rebound in traffic through the channel.

With confusion around terms, what happens next is anyone’s guess - but trades that worked during the conflict could unwind if we get the off-ramp markets are starting to price.

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.

You might be interested in…