In view of the lack of continued progress in resolving the US-Iran conflict and serious long-term damage to the global energy supply chain, crude oil prices will rebound from the decline at the beginning of this week. On Monday, WTI and Brent oil prices both fell by more than 3%, similar to the decline at the beginning of last week. Some reports quoted sources as saying that Trump is inclined to resolve the issue through diplomatic means, but given that the US leader may change his position at any time, traders may soon find out that they want to raise oil prices again. Judging from the situation where this conflict has continued until now, the two sides seem to be at an impasse, and no one is willing to compromise. At the same time, the longer the confrontation continues, the more tankers are damaged, the maintenance of oil wells, refineries, and pipelines becomes more backlogged, and crude oil and fuel stocks continue to dwindle.

In view of the lack of continued progress in resolving the US-Iran conflict and serious long-term damage to the global energy supply chain, crude oil prices will rebound from the decline at the beginning of this week. On Monday, WTI and Brent oil prices both fell by more than 3%, similar to the decline at the beginning of last week. Some reports quoted sources as saying that Trump is inclined to resolve the issue through diplomatic means, but given that the US leader may change his position at any time, traders may soon find out that they want to raise oil prices again. Judging from the situation where this conflict has continued until now, the two sides seem to be at an impasse, and no one is willing to compromise. At the same time, the longer the confrontation continues, the more tankers are damaged, the maintenance of oil wells, refineries, and pipelines becomes more backlogged, and crude oil and fuel stocks continue to dwindle.