Global crude oil and LNG prices are expected to moderate as US-Iran peace prospects improve and shipping through the Strait of Hormuz potentially resumes. Analysts, however, warn that supply disruptions and infrastructure damage may keep energy markets volatile for months
Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties
