Oil Prices Near Pre-War Levels Amid Persistent Supply Risks
Oil prices have fallen back to near pre-war levels amid a fragile truce between the U.S. and Iran, but analysts warn that lingering supply-side challenges could spark a rebound. Shipping through the Strait of Hormuz remains constrained due to unclear ceasefire terms, mine risks, and elevated insurance costs.
Topics: geopolitical tensions oil prices shipping risks Strait of Hormuz