Supply recovery, not demand, will be oil market's key test: Vandana Hari (opens original article in a new tab)

Global crude oil prices have declined from wartime highs but remain volatile due to uncertainties over a memorandum of understanding (MoU) for energy route reopenings, with market expert Vandana Hari warning of a gradual recovery and ongoing challenges in balancing supply and demand.

• Global crude oil prices have retreated from wartime highs but remain volatile due to uncertainties over a memorandum of understanding (MoU) for energy route reopenings
• Market expert Vandana Hari warns that the oil market's recovery will be gradual, with normalization of shipping and production in the Persian Gulf expected to take two to three months
• Hari disputes the idea of demand destruction, stating that curtailed demand from high prices may return as prices stabilize and economic conditions improve
• The next major test for the oil market will be balancing the return of demand with the restoration of supply through the Strait of Hormuz