Oil: Danske Bank reports that expectations for a ceasefire are helping to stabilize prices
Oil Prices Remain Steady Amid Hopes for Supply Recovery
According to the Danske Research Team, crude oil prices hovered near USD 95 per barrel as investors kept a close watch on the potential for a ceasefire between the United States and Iran, as well as the possible reopening of the Strait of Hormuz. The bank points out that the anticipation of restored supply is helping to maintain oil prices at current levels, rather than pushing them higher.
Market Optimism Surrounds US-Iran Negotiations
Oil prices remained largely unchanged yesterday, staying close to USD 95 per barrel. This stability is attributed to market confidence that renewed dialogue between the US and Iran could eventually lead to the reopening of the Strait of Hormuz and a normalization of oil flows.
Despite the ongoing enforcement of a shipping blockade—which has reportedly caused nine vessels to reverse course in the Strait—maritime activity remains lower than it was before the conflict began.
Diplomatic Efforts and Regional Developments
Talks between the US and Iran may resume in Pakistan this weekend after earlier negotiations reached an impasse, though a specific date has not yet been confirmed. The Trump administration voiced optimism on Wednesday about finding a resolution, with President Trump telling Fox News that the conflict with Iran is "almost over."
Elsewhere in the Middle East, Israel's cabinet is considering a possible ceasefire agreement with Lebanon, which Lebanese officials suggest could be announced soon. Resolving the Lebanon conflict is viewed as a key step toward broader peace discussions between the US and Iran. However, since Hezbollah is not participating in the talks, it remains uncertain whether the group would honor any ceasefire agreement.
(This report was produced with assistance from an AI tool and subsequently reviewed by an editor.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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