After a Weekend of Skirmishes, the U.S. and Iran Agree to Halt Hostilities. Here's What it Means for Energy Investors.

Following weekend military skirmishes, the U.S. and Iran agreed to halt hostilities and are meeting in Qatar for peace negotiations. Despite the ceasefire agreement, Iran continues to threaten commercial shipping in the Strait of Hormuz, delaying global energy market recovery. Oil prices rose modestly (~2%), with WTI at $70/barrel and Brent near $75. Low global inventory levels and continued uncertainty present both risks and opportunities for energy investors.