Reported about 8 hours ago
The truce between Israel and Iran appears to be stabilizing, leading to a 'clear, bearish signal' for the oil markets, according to energy experts. As both nations aim to deescalate tensions, the chance of disruption in key shipping routes such as the straits of Hormuz seems diminished, which could result in a stabilization of oil prices despite seasonal demand fluctuations. Analysts are cautiously optimistic that this temporary peace may keep geopolitical risks at bay.
Source: YAHOO