Report: Oil prices are most likely to experience a rapid and sharp increase.

Sina Finance reported on March 31st that Norbert Rucker of Bank Julius Baer stated in a research report that the rise in oil prices is most likely to be both rapid and sharp. He said, "The general argument still holds temporarily: a war in Iran is likely to follow the usual geopolitical pattern, resulting in a brief but very intense surge in energy prices." He pointed out that, nevertheless, a long-lasting and chaotic situation is also possible. In such a scenario, there may be long-lasting global economic impacts, central banks may shift towards a slightly tightening stance, and financial markets may see more pronounced risk-off trades. The WTI crude oil futures for May fell by 0.4% to $102.45 per barrel, while the Brent crude oil futures for May remained flat at $112.76 per barrel.