PANews May 5 news, according to Jin Ten report, as the market awaits clarity on the reopening of the Strait of Hormuz, crude oil futures prices continue to show a seesaw trend. Analyst Nikos Chabras stated in a report that the recent resurgence of hostile actions could undermine the ceasefire agreement, thereby maintaining the risk premium. He added that as the conflict continues, crude oil prices are still expected to reach new highs, but long-term energy shocks have intensified the risk of demand destruction, "which could ultimately undermine the upward momentum of crude oil prices."

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