FacebookTwitterEmailLinkedin According to GMS’ latest report, geopolitical tension and the US-Iran ceasefire extension continue to reshape market dynamics and reinforcing uncertainty across markets. The Week 16 view that a temporary memorandum had narrowed the diplomatic off-ramp has already been overtaken. On April 22, President Trump extended the US-Iran ceasefire indefinitely after Pakistan-hosted talks failed to convene. Within hours, Iran attacked three commercial vessels in the Strait of Hormuz and claimed seizure of two, following a US Navy interdiction of an Iranian flagged cargo vessel earlier in the week. RelatedNews NorthStandard: Cat fines risk engine damage and operational delays UNCTAD: The biggest trade costs come from non-tariff measures var jnews_module_21371137_0_6a0213651c1fa = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21371137","include_category":"","exclude_category":"","include_author":"","include_tag":"1974,568,1582","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"",