Energy — Iran Ceasefire Extended Indefinitely as Hormuz Disruption Continues

Energy · 2026-04-22

TODAY'S SIGNAL — The Iran-U.S. ceasefire extension removes the immediate threat of renewed hostilities but does nothing to resolve the structural damage already inflicted on global energy flows. The IEA's declaration that the Strait of Hormuz has permanently lost its status as a reliable energy route is the most consequential strategic signal today — it implies long-term rerouting of trade,…