Trump's two-week Iran ceasefire jolts oil and resets risk calculus [Wealth Professional (Canada)]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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conocophillips.com/investor-relations/investor-presentations
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Source: Wealth Professional
Oil prices have whipsawed from brushing US$120 to plunging below US$100 in hours, and the next two weeks could decide whether crude surges toward US$150 or sinks closer to US$90. US President Donald Trump has agreed to a two-week ceasefire with Iran in exchange for reopening the Strait of Hormuz, triggering a sharp drop in crude and a relief rally in equities, while leaving inflation, earnings and rate expectations finely poised. Trump said he would “suspend the bombing and attack of Iran for a period of two weeks” if Iran agrees to the “COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” He called this a “double sided CEASEFIRE” and said it stems from a 10-point Iranian proposal that the US views as a “workable basis” for negotiations. Iranian Foreign Minister Abbas Araghchi said ships will be able to pass through the Strait during the ceasefire “via coordination with Iran's Armed Forces and with due consideration to technical limitations.” Iran's Supreme Natio
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COP
Earnings
- 2/5/26 - Miss
COP
Sec Filings
- 3/31/26 - Form 4
- 3/31/26 - Form 144
- 3/31/26 - Form 4
- COP's page on the SEC website