Ceasefire stabilizes oil markets after Operation Epic Fury in Strait of Hormuz

US airstrikes targeting Iran's Hormozgan province during Operation Epic Fury initially rattled crypto and oil markets, threatening global supply chains. However, a subsequent ceasefire has stabilized oil markets, potentially decreasing the immediate urgency for a US-Iran nuclear deal. Despite this stabilization, significant geopolitical risks persist in the Strait of Hormuz, as ongoing tensions continue to pose threats to financial stability and the security of international energy distributions across the volatile region.