WTI Crude Rebounds Following Iranian Maritime Aggression and Ceasefire Breakdown

WTI crude futures recovered from weekly lows after Iran fired on a vessel near Oman and President Trump rejected terms for a renewed ceasefire agreement. The market shift reflects a transition from pricing in a potential de-escalation in the Strait of Hormuz to renewed supply risk premiums. Uncertainty remains regarding the durability of the ceasefire collapse and the potential for further kinetic escalation in the region.