Oil Prices Swing on US-Iran Talk Rumors; Tanker Attack Boosts Risk Premium

English summary

International oil prices fluctuated sharply on Wednesday driven by Middle East news. Rumors of a mediation plan from Qatar and Pakistan triggered easing expectations, causing prices to drop, but subsequent denials and the explosion of a supertanker in the Strait of Hormuz restored risk premiums, leading to a rebound. Market focus has shifted to tight diesel supply-demand balance and transport bottlenecks, with short-term trading characterized by 'expectation first, reality disproven'.