Oil prices near pre-war levels — but persistent supply risks could spark a rebound, analysts warn

Oil prices are hovering close to their pre-war levels, but analysts are cautioning that ongoing supply risks, particularly Iran's influence in the Strait of Hormuz, could lead to a sharp price rebound. This strategic chokepoint's security directly impacts global oil shipping routes and costs, heightening market volatility. The geopolitical tension underscores the delicate balance in global oil supply and the potential for sudden shifts driven by regional conflicts. This situation is critical as it reflects broader concerns about international trade stability and energy security.