il prices could extend gains if disruptions to maritime traffic through the Strait of Hormuz continue, Phillip Nova's Priyanka Sachdeva says in a note. Such disruptions could lift expectations for tighter oil supply. "Looking ahead, market attention is likely to remain fixated on supply-side developments and geopolitical signals emerging from the Gulf region," she says.

2026-04-29

il prices could extend gains if disruptions to maritime traffic through the Strait of Hormuz continue, Phillip Nova's Priyanka Sachdeva says in a note. Such disruptions could lift expectations for tighter oil supply. "Looking ahead, market attention is likely to remain fixated on supply-side developments and geopolitical signals emerging from the Gulf region," she says.