Oil prices rebounded sharply, hovering close to $100 per barrel, despite the announcement of a temporary ceasefire. Investors remain skeptical about the long-term stability of supply chains.

Market participants are particularly concerned about continued restrictions and risks around the Strait of Hormuz, which remains a critical route for global oil shipments.

The rebound highlights the fragile nature of energy markets and ongoing uncertainty surrounding geopolitical developments in the region.

Source : The Economic Times.