Easing Iran tensions erase oil's risk premium, but analysts warn volatility ahead

Core Insights - Oil prices are experiencing increasing fundamental pressure due to potential shifts in global oversupply dynamics [1] - China's slowing stockpiling is a significant factor contributing to this pressure, linked to the rise of electric vehicles [1] Group 1: Supply Dynamics - The global oil market is facing a potential oversupply situation as demand dynamics shift [1] - China's decelerating stockpiling indicates a change in consumption patterns that could affect global oil prices [1] Group 2: Impact of Electric Vehicles - The rise of electric vehicles is curbing traditional oil demand, further influencing the supply-demand balance [1] - This transition towards electric vehicles is expected to have long-term implications for the oil industry [1]