CryptoWorld News reports that crude oil futures have declined for three consecutive days due to the repeated failure of expectations for the reopening of the Strait of Hormuz; Ritterbusch & Associates pointed out that although Trump's extension of the ceasefire agreement reduces the urgency of escalation, negotiations may be delayed, and the U.S. blockade could continue indefinitely; alternative export routes and strategic petroleum reserve releases have partially alleviated supply shocks, and "price-related demand destruction" is now the focus.