Energy — Strait of Hormuz Remains Under Iranian Control Despite Ceasefire; Europe Faces Jet Fuel Shortage

Energy · 2026-04-11

TODAY'S SIGNAL — The ceasefire between the U.S. and Iran has changed the narrative but not the reality: the Strait of Hormuz remains effectively controlled by Iran's IRGC, over 10 million bpd of crude remains trapped, and Europe's airport industry group warns jet fuel supplies could run out within three weeks. Oil markets are caught between these physical constraints and a massive speculative…