Lates News

Energy consultancy company Rystad Energy analyst Janif Shah said in a report that the two-week ceasefire agreement reached between the US and Iran has eliminated the fear premium of oil prices but has not completely eliminated the risk premium. He pointed out that the reopening of the Strait of Hormuz will be slow and complex, and the tight physical market conditions are unlikely to be relieved quickly. Although the futures market immediately repriced the news, near-month physical differentials may remain strong, with high oil tanker freight rates and buyers of high-sulfur crude continuing to pay a premium for the security of limited global supply away from the Gulf region. Nevertheless, as futures prices have fallen significantly, the agency has lowered its forecast for the average price of Brent crude in 2026 from $97 per barrel to $87.