Hari: Oil Prices to Keep Grinding Higher

Vandana Hari, founder of Vanda Insights, said oil prices are likely to continue rising as tensions between the U.S. and Iran persist around the Strait of Hormuz. Hari stated that crude futures are not fully reflecting current market tightness, pointing to diesel prices near $200 a barrel in Atlantic markets. She said markets would remain cautious even if the Strait of Hormuz reopened, citing uncertainty about the sustainability of any U.S.-Iran de-escalation.

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