Jacky Tang: Oil prices may drop to $85-90 by the end of Q2

According to Eastern News Agency, Jacky Tang, Chief Investment Officer of Emerging Markets at Deutsche Bank Private Bank, stated that under the base scenario of a "fragile" ceasefire being maintained, oil prices may fall to $85-90 per barrel by the end of the second quarter. He pointed out that the probability of this scenario occurring is over 60%, and that most energy supplies will be restored. He also mentioned that if the Strait of Hormuz remains blocked until next year, oil prices could surge to $150 per barrel, triggering the risk of stagflation.