InveestingLive wrote that with the stopping of planned U.S. attacks on the energy infrastructure of the Islamic Republic, one of the most important risks to oil supply in the global market will, at least in the short term, be reduced. According to the website, any reduction in tensions in the Strait of Hormuz, due to the role of this waterway in transporting a large share of the world’s oil, could lessen the pressure on oil prices arising from geopolitical risks.

The report also emphasized that the denial of Donald Trump, the U.S. president’s, claim by Iranian news agencies—that Tehran wanted the attack to be postponed—has created significant ambiguity and will likely prevent markets from quickly removing the risk of war from prices.

According to InveestingLive, as long as Washington and Tehran do not present a unified account of what was agreed upon, markets will remain volatile, and any new military signal from the United States or a new stance by officials of the Islamic Republic could quickly change the direction of prices.