Global crude oil prices have retreated sharply from their wartime highs, offering relief to consumers and businesses alike. However, according to market expert Vandana Hari from Vanda Insights it is too early to declare victory, as significant uncertainties continue to surround the reopening of key energy routes and the broader geopolitical settlement.
Speaking to ET Now, Hari said the market appears to be moving in the right direction, but cautioned that traders are likely to remain nervous until a formal memorandum of understanding (MoU) is signed.
