Oil Outlook Hinges on Hormuz and Stable Ceasefire, Analysts Say

Oil’s push lower following the Iran war ceasefire will likely face headwinds as traders focus on the pace of re-opening of the Strait of Hormuz, damage to energy facilities, and any signs of cracks in the agreement to halt hostilities, according to analysts and a former US intelligence adviser.

Brent crude tumbled below $100 a barrel after the announcement for a two-week halt to the conflict, while equity markets jumped. Here’s what market watchers had to say about the news and outlook for oil: