A fragile Iran-Israel ceasefire calms oil prices but markets remain on edge over Hormuz blockade, Fed rate hike bets, and depleting global inventories.
Iran fired missiles at Israel, testing the April ceasefire. Bitcoin surged 5% to $64k as de-escalation signals triggered a risk-on rotation, while gold steadied and oil eased.
Oil slides 3% on Israel-Lebanon ceasefire hopes, while gold gains and stocks mixed. Dollar dips, yen nears intervention zone. Markets eye Iran peace talks.