On Thursday, oil prices rebounded by about $1, with Brent crude futures reaching $102.15 per barrel and U.S. West Texas Intermediate climbing to $96.20. This increase follows a significant decline of over 7% on Wednesday, driven by optimism surrounding potential peace negotiations in the Middle East. U.S. President Donald Trump indicated that direct talks with Iran were premature, while Iranian officials described U.S. proposals as unrealistic. Despite ongoing discussions, analysts, including Hiroyuki Kikukawa from Nissan Securities Investment, suggest that oil prices will likely remain elevated due to anticipated supply constraints. The Energy Information Administration reported a decline in U.S. crude stocks by 2.3 million barrels, highlighting the impact of the ongoing Iran crisis on global oil supplies. Even if peace is achieved, it may take weeks for oil shipments from the Middle East Gulf to resume, further tightening supply in the near term.