Iran-US Ceasefire Limps Amid Hormuz Standoff; WLDOIL Climbs on Supply Shock Risks

US-Iran ceasefire talks remain in limbo despite Iran's proposal to reopen the Strait of Hormuz in exchange for ending the US blockade, with Trump skeptical and US carrier groups building up in the region. Negotiations kicked off April 11 in Vienna, saw Pakistani mediation and extensions through April 22, drove oil to a $103.70/bbl peak before dipping to $94/bbl on de-escalation hopes, but persistent disruptions—curtailing 20% of global oil transit—now fuel upside volatility ahead of US midterms. Gasoline hits $4.18/gal four-year high as supply risks loom larger.