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2026-05-25 07:15:28
[Analysts: Early Signs of Peace Between the US and Iran Ease Short-Term Pressure on Oil Prices] 1. On Monday morning in Asian trading, US crude oil opened lower and continued to decline, falling to a two-week low of $91.25 per barrel, mainly due to market optimism that the US and Iran are close to reaching a peace agreement, although the two sides still have differences on key issues, including the blockade of the Strait of Hormuz. 2. US President Trump said on Saturday that Washington and Iran had "basically reached" a memorandum of understanding on a peace agreement that would facilitate the reopening of the Strait of Hormuz. However, the two sides still have differences on several thorny issues, and Trump also told his representatives on Sunday not to rush into any agreement with Iran. 3. Saul Kavonic, an energy analyst at MST Marquee in Sydney, pointed out: "Although there are still many uncertainties and risks surrounding the peace agreement and the future of the Strait of Hormuz, the early signs of peace have emerged, which will provide some relief to oil prices in the short term." 4. However, analysts expect that it will still take several months for oil shipments through the strait to return to normal and for damaged oil and gas facilities to be repaired.
