Oil prices may continue to face upward pressure unless the Strait of Hormuz resumes normal oil flow and regional tensions ease, according to Vasu Menon, General Manager of Investment Strategy at Singapore's OCBC Bank. According to Jin10, the geopolitical landscape in the Gulf remains uncertain with the appointment of Iran's new Supreme Leader, Mojtaba Khamenei. U.S. President Donald Trump has previously expressed disapproval of Iran's leadership choice, raising concerns about potential escalation, including destabilizing actions or military interventions aimed at undermining Mojtaba's position.