#Oil



Oil prices may nosedive whenever US President Donald Trump signals optimism on the Iran war, but analysts say crude oil is expected to remain well above its prewar pricing for the foreseeable future.
With the conflict involving Iran continuing into its eleventh week, Brent crude has been holding above USD 100 per barrel, up from USD 70 before the war started. At its peak during the conflict, Brent briefly traded north of USD 120.
For what comes next, analysts and fund managers are working with several scenarios. Brent crude oil prices could keep hovering between USD 100 and USD 120 if Strait of Hormuz shipping remains partially disrupted and diplomatic talks continue; they could rise above USD 125 if the conflict widens and the Hormuz blockade is prolonged, or—with a credible ceasefire and reopening of shipping lanes—retreat back below USD 90 within two or three months following the full resumption of flows.
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MasterChuTheOldDemonMasterChu
· 2h ago
Steadfast HODL💎
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MasterChuTheOldDemonMasterChu
· 4h ago
Steadfast HODL💎
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MasterChuTheOldDemonMasterChu
· 4h ago
Just charge forward 👊
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