CryptoWorld News reports that the prospects for the reopening of the Strait of Hormuz remain uncertain, and crude oil futures prices continue to show a tug-of-war trend. Analyst Nikos Chabrass stated in a report that recent hostilities resuming could undermine the ceasefire agreement, thereby maintaining the risk premium. He added that as the conflict persists, crude oil prices are still expected to hit new highs, but long-term energy shocks could intensify demand destruction risks, ultimately undermining the upward momentum of crude oil.

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