Jammu, April 8 -- A quick return of earlier lows unlikely despite relative ease of tension
By K Raveendran
Oil markets have responded to the Iran ceasefire in the way they often react to any pause in conflict near a critical supply artery: with visible relief, but not full conviction. Prices have pulled back sharply from their war-risk peaks as traders moved to price in a temporary easing of immediate geopolitical danger. That retreat, however, should not be mistaken for a return to calm. The ceasefire has lowered the temperature, but it has not removed the heat source. What the market is now grappling with is the difference between a short-term de-escalation and a durable restoration of security in one of the world's most sensitive energ...