For the United States and Iran, expectations are increasing for passage through the Strait of Hormuz, and the earlier tensions that drove up the “risk premium” are fading quickly.


2. Easing supply expectations: OPEC+ plans to increase production, easing concerns about supply shortages.
3. Demand and financing pressure: Higher oil prices hinder final consumption, and the International Energy Agency lowered its demand forecasts; meanwhile, earlier profit-taking by speculators is underway, and a technical correction is needed.
Weakness in the overall picture and sentiment: The strength of the U.S. dollar is weighing on commodity valuations, and expectations of slower growth in the risk market limit speculators on the upside. Technical indicators are currently showing divergence at the top, and short-term correction pressure is clearly evident.#S,
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