The outlook for the reopening of the Strait of Hormuz remains unclear, resulting in seesaw oil prices.

```htmlGolden Ten Data, May 5 — As the market awaits clarification on the prospects of reopening the Strait of Hormuz, crude oil futures prices continue to fluctuate. Analyst Nikos Tsabras stated in a report that the recent resurgence of hostilities may disrupt the ceasefire agreement, thereby maintaining the risk premium. He added that as the conflict persists, crude oil prices are still likely to reach new highs, but prolonged energy shocks increase the risk of demand destruction, "which could ultimately undermine the upward momentum of crude oil prices."```