[Analysis: Oil Prices Unlikely to Return to Pre-Conflict Levels Between U.S., Israel, and Iran in the Short Term] Odaily Planet Daily News – Several European financial institutions released reports on the 8th predicting that international oil prices are unlikely to fall back to pre-conflict levels between the U.S., Israel, and Iran in the short term. The market needs to monitor the passage through the Strait of Hormuz and the recovery of infrastructure in the Middle East. ING stated that the news of a two-week ceasefire agreement between the U.S. and Iran has somewhat alleviated market concerns about long-term disruptions to oil supply, causing international oil prices to drop below $100 per barrel. The future trajectory of oil prices will depend on whether a lasting agreement can be reached in negotiations and whether shipping levels through the strait can return to normal. It is expected that the market will continue to experience volatility during the negotiation period. UBS noted that it remains unclear when and to what extent shipping through the strait can be restored, as some tankers will need time to replan their routes. If passage through the strait is blocked again, energy prices could rebound rapidly. Furthermore, even under optimistic scenarios, the repair of energy infrastructure and the resumption of production could take weeks or even months. Therefore, energy prices are unlikely to return to pre-conflict levels in the short term. (CCTV News)