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The US-Iran peace talks present conflicting narratives! What’s next for oil prices?

The expiration of the two-week ceasefire between the US and Iran is approaching, but tensions are escalating. Trump stated that the agreemen Show More
The expiration of the two-week ceasefire between the US and Iran is approaching, but tensions are escalating. Trump stated that the agreement concept has been completed and a delegation is heading to Islamabad, yet Iranian officials denied any negotiation plans, citing 'unreasonable demands and frequent changes in stance' from the US as making talks unfeasible. Signs of preparation, such as US military transport planes landing and hotels being cleared, have emerged in Pakistan, though Iran has not confirmed sending negotiators. On April 20, US oil prices surged over 5% at the open. About one-fifth of global crude oil transportation passes through the Strait of Hormuz, and if conflict escalates after the ceasefire expires, oil prices could experience significant volatility. What’s your view on the future trend of oil prices?
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