Analyst: Oil prices have not fully reflected the severity of the supply shock.

Some of the top market analysts believe that oil prices do not fully reflect the impact of the largest supply disruption in history. Sadad Rashid, Chief Economist of Tok Group, stated at the Financial Times Commodities Global Summit in Lausanne on Tuesday that the Iran conflict has already led to a reduction of about 1 billion barrels of oil supply. If the conflict continues, this number could increase to 1.5 billion barrels. Frederick Lasserre, head of analysis at Gunvor Group, said that if the war continues for another month, oil reserves will be depleted. Since the outbreak of the Iran war, Brent crude futures prices have fluctuated sharply. With the possibility of peace negotiations, prices briefly rose to nearly $120 per barrel, before falling back. On Tuesday, prices hovered around $95 per barrel, partly because people believe the conflict will soon end. Rashid said, "This scale seems to exceed the market's understanding." He also pointed out that if a peace agreement is reached, it will take some time for trade flows to return to normal, so there is indeed a significant gap between market perception and reality.