Aarthi Chandrasekaran stated that oil is very unlikely to return to pre-war prices and will stay elevated in the near future. The geopolitical risk premium has faded slightly, but supply chain disruptions, import-export flows, and refining activities will take considerable time to normalize, maintaining upward pressure on prices. WATCH because oil prices are expected to remain high due to persistent logistical and operational challenges, offering potential opportunities but with significant uncertainty. A permanent ceasefire and swift resolution of Strait of Hormuz transit issues could accelerate the return to normalcy, causing prices to fall more than expected.