Market View: Are markets facing a ceasefire breakthrough or a supply shock at Hormuz in 48 hours?

Your Way Home with Hongbin Jeong · Apr 7, 2026 · 12m

Market activity held relatively firm, with S$1.45 billion in value turnover, but sentiment stayed fragile as attention turned to ongoing discussions around a potential 45-day ceasefire involving the US, Iran and regional mediators. With no clear outcome and a tight 24-48 hour window, markets, particularly oil, are bracing for possible volatility depending on how events unfold. Oil prices have so far shown measured reactions, suggesting that recent tensions may already be partially priced in, supported by existing inventory buffers. However, if the situation drags on or escalates, these…