Jacky Tang: Oil prices may fall to $85-90 by the end of Q2

According to Dongxin News Agency, Jacky Tang, Chief Investment Officer for Emerging Markets at Deutsche Bank's Private Banking Division, stated that under the basic scenario of a "fragile" ceasefire, oil prices may drop to $85-90 per barrel by the end of the second quarter. He pointed out that the probability of this scenario occurring exceeds 60%, and most energy supply will be restored. He also mentioned that if the Strait of Hormuz continues to be blocked until next year, oil prices may soar to $150 per barrel and trigger stagflation risks.