Oil Prices Unlikely to Sustain High Levels, Baocheng Group Says

Oil prices are not expected to maintain their current high levels, according to Baocheng Group. The safe passage of ships 'friendly to Iran' remains a dynamic to watch. According to Jin10, despite no major damage to energy infrastructure, a reduction in Iran's military threats, and increased trade protectionism activities around the Strait of Hormuz, the forecast remains that oil prices will experience a brief but significant surge.