Around the globe investors cheered the ceasefire agreement between the US and Iran, with surging stocks and an oil price plunge.  

But, there are already signs this fragile truce isn’t holding. And there are contradictory reports about just how open the crucial Strait of Hormuz really is.

So will the market rally wave crash as quickly as it’s crested? And is the energy crisis actually over? 

Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au