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Deutsche Bank Executive: In the scenario of a US-Iran ceasefire, oil prices could drop to $85 per barrel
Golden Finance reports that on May 8th, Jacky Tang, Chief Investment Officer of the Emerging Markets at Deutsche Bank Private Bank, stated in an interview that under the “fragile” ceasefire scenario, oil prices could fall to $85-90 per barrel by the end of the second quarter. He pointed out that the probability of the basic scenario occurring exceeds 60%, and most energy supplies will recover by the end of the second quarter. Jacky Tang said that, depending on the duration of the Iran conflict, there are three possible scenarios for oil prices. In the less likely pessimistic scenario, where the Strait of Hormuz remains blocked until next year, he predicts that oil prices could surge to $150 per barrel and stay high for a longer period, potentially triggering stagflation risks. (Dongxin News)