The price of oil has risen a few dollars, and a barrel of North Sea oil costs just over $97 this morning. This follows Iran's announcement on Wednesday evening that the Strait of Hormuz would be closed again. The ceasefire between Iran and the U.S. and Israel rests on fragile ground.
Stock markets in Asia have rebounded after yesterday's rush. Tokyo is down 0.7 percent this morning, and pre-market trading ahead of the opening in Stockholm indicates something similar.
U.S. stock markets rose 2-3 percent yesterday evening, but futures trading points to a slightly lower opening when regular trading begins this afternoon.
