Global markets rallied this morning following news of a proposed two-week ceasefire, offering a temporary reprieve for investors amid heightened geopolitical tensions, according to Josh Gilbert, Market Analyst at eToro. While the development has provided short-term optimism, Gilbert cautioned against interpreting the pause as a lasting resolution. Crude oil prices saw a sharp correction, falling approximately 16% to below $100 per barrel, as markets began pricing in the potential reopening of the Strait of Hormuz. “It goes to show how much geopolitical risk was baked into crude, and how quickly ...