Oil and Natural Gas Markets Start to Feel Good About the Middle East Ceasefire Crude oil benchmarks sort of settled into a rhythm on Wednesday now that the U.S.-Iran ceasefire has reached its 4th week & it's really cut into the anxiety about Middle East conflict that had been building in energy markets since March. The deal has even let some tanker traffic trickle through the Strait of Hormuz which had all the world worried they'd be stuck with supply disruptions for months. Some analysts say its not all ro ...