On April 15, oil prices continued to decline, with Brent crude futures falling 52 cents to $94.27 per barrel and West Texas Intermediate dropping $1.04 to $90.24. This marks a second consecutive day of losses, driven by growing expectations that the U.S. and Iran may resume negotiations to ease supply constraints following the closure of the Strait of Hormuz, a critical oil transport route. Despite hopes for diplomatic progress, supply conditions remain disrupted, keeping prices volatile. Brokerage firm Macquarie indicated that oil prices might stabilize in the $85 to $90 range but could rise to $110 or even $150 per barrel if disruptions continue. Analysts believe the current ceasefire is temporary, with a return to pre-war prices of $70 to $75 potentially taking months. As long as tensions persist in the Middle East, the outlook for crude oil remains uncertain, with inflationary pressures likely to continue globally.