Oil prices have retreated close to levels seen before the U.S.-Iran conflict, but analysts warn that markets may be underestimating ongoing supply risks, according to CNBC.
Brent crude was trading near $72.45 a barrel on Monday, far below its wartime peak of more than $188 in April. However, analysts said shipping through the Strait of Hormuz remains far from normal despite the ceasefire.
CNBC reported that analysts also expect Iran to continue seeking greater influence over shipping in the strait, even if a formal toll system is unlikely.
Strategists from Tufton Investment Management, Energy Aspects and BNP Paribas said rebuilding global oil inventories could support prices in the coming months. The report added that insurers are unlikely to reduce premiums until the ceasefire proves durable and shipping conditions stabilize.
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Oil prices near pre-war levels — but persistent supply risks could spark a rebound, analysts warn https://t.co/sn9DZkPDBD
— CNBC (@CNBC) June 29, 2026
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TIPP Staff
