Analyst: Oil prices are expected to remain high until the conflict with Iran ends

Odaily News Oil prices fell sharply as the United States pushed to end the war with Iran. Ajay Parmar, head of crude oil markets at commodity research firm ICIS, said, "Oil prices will continue to be volatile as the market is influenced by both fundamentals and rhetoric. The fundamentals haven't changed—nearly 10 million barrels per day of crude supply in the Middle East remains disrupted, and until this war ends, we expect oil prices to remain high." (Jin10)