Oil: Washington-Caracas deal does not guarantee lower prices

Oil prices remain highly unstable six months after the start of the war between the United States and Iran. Despite an agreement between Washington and Caracas, lower prices do not appear to be automatic.

Franceinfo Monde reports that prices remain high in this context. The global market could also be affected again by the resumption of US strikes and by the rapprochement between the United States and Venezuela.

A market still under pressure

The agreement reached between Washington and Caracas is a factor that could influence the oil market. But, based on the available information, it is not enough on its own to ensure a fall in prices.

The persistence of high and volatile prices is taking place in an environment already weakened by the conflict between the United States and Iran. The diplomatic and military developments mentioned could further alter the balance of the global oil market.