He explained that earlier gains in oil prices were largely driven by geopolitical risk premiums linked to supply disruptions, and the post-ceasefire decline reflects only partial easing of those risks.
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Nasseri said prices could move back towards $120 per barrel and rise to $140–150 by May–June if supply disruptions persist, especially through key routes such as the Strait of Hormuz.
For the full interview, watch the accompanying video
He added that the ceasefire remains uncertain, with continued violations affecting shipping flows, while futures markets have yet to fully reflect the risk of prolonged disruption and may adjust closer to spot prices if tensions continue.
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