Oil prices near pre-war levels amid supply risks
pre-market1 source ↓written by the desknot a recommendation
Oil prices have dropped to near pre-war levels due to a fragile U.S.-Iran truce. However, analysts warn of persistent supply-side challenges that could lead to a price rebound. Shipping through the Strait of Hormuz remains uncertain, with many companies hesitant to resume operations due to lingering risks and high insurance costs. ⚓️
Not investment advice. For informational purposes only.