April 08, 2026:
There is a US-Iran ceasefire (April 8, 2026) for the next 2 weeks.
Oil Prices: WTI crude plunged over 16% to roughly $94.41, while Brent crude dropped nearly 13.3% to $94.75.
Equities: The Dow Jones surged over 1,300 points in its largest single-day gain in a year, and the Nasdaq jumped 2.8% as market "euphoria" returned.
Supply Chain: While the ceasefire has lowered prices, the Strait of Hormuz remains a "fragile" chokepoint with conflicting reports on whether shipping has fully resumed.
The Energy Buffer has expired!
As of today, Wednesday, April 8, 2026, global supply reserves are depleted. While the market reacts to the Middle East ceasefire, the underlying inflation data tells a different story.
The 6-Week Energy buffer is gone.