Analyst: Crude oil futures recover some lost ground, influenced by concerns over the ceasefire agreement.

In the United States, with uncertainty regarding the ceasefire between the US and Iran and the transportation of oil tankers through the Strait of Hormuz, crude oil futures have partially rebounded from the previous day's decline, currently hovering below $100 per barrel. Nikos Tzabouras of Tradu stated in a report, "Concerns regarding supply still exist, and the restoration of production capacity damaged in hostile actions cannot be completed overnight, which could potentially lead to further increase in crude oil prices." He added, "On the other hand, there is now a roadmap for resolution, and President Trump may have strong incentives to end this conflict before the midterm elections and protect the country's economy." West Texas Intermediate crude oil rose by 5.7% to $99.83 per barrel, while Brent crude oil rose by 3.6% to $98.15 per barrel.