European financial institutions predict that oil prices are unlikely to return to pre conflict levels in the short term

On April 9th, several European financial institutions released reports predicting that international oil prices are unlikely to fall back to pre conflict levels between the US, Israel, and Iran in the short term. Dutch International Group pointed out that the news that the United States and Iran have agreed to a two-week ceasefire has eased market concerns about long-term disruptions in oil supply. Oil prices have fallen below $100 per barrel, but future trends depend on the outcome of negotiations and the resumption of shipping in the Strait of Hormuz. UBS Group stated that the time and extent of the resumption of cross-strait passage are still uncertain, and the repair of energy infrastructure may take weeks to months. It is difficult for oil prices to fall back to pre conflict levels in the short term.