Oil prices near pre-war levels — but persistent supply risks could spark a rebound, analysts warn

Oil prices have retreated to levels last seen before the war, offering relief at the pump. But according to commodity strategists, that calm may be temporary. Iranian control over the Strait of Hormuz—a critical chokepoint for global oil shipping—continues to pose a significant supply risk. Analysts warn that geopolitical tensions could reignite the market at any moment, pushing prices back up.

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