The failed peace talks left investors on edge with little visibility on how the blockade will be implemented, and how long and deep an oil shock needs to be priced in.
The price of oil surged Sunday night after President Donald Trump said the U.S. would blockade the Strait of Hormuz following the failure of peace talks with Iran.U.S.
The blockade could derail a tenuous ceasefire after just five days. Vice President JD Vance said the U.S. remains open to diplomacy if Iran takes "our final and best offer."
