
The dollar struggled to rebound on April 9 as the fragile US-Iran ceasefire kept currency markets cautious. Iran had not lifted its blockade of the Strait of Hormuz, and Israel continued strikes in Lebanon.
Continued disruption at the Strait of Hormuz keeps oil supply risk elevated, which supports energy costs and feed production expenses.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.