The volatile interplay between Geopolitics and Commodities suggests that the Strait of Hormuz remains the critical flashpoint for Commodities markets in the coming days. While Equities rallied on hopes of resumed traffic, the recent escalation involving US forces and Iranian strikes indicates that supply disruptions could return with little warning. Investors should closely monitor WTI crude for sharp swings as any renewed threat to maritime lanes would immediately reignite inflation fears. Furthermore, the stated US intent to withdraw within weeks adds a layer of uncertainty that could destabilize Commodities if diplomatic efforts falter. Ultimately, the resilience of Equities will depend on whether Geopolitics allows for a sustained de-escalation or triggers further conflict in the region.