Investment bank Piper Sandler downplays the narrative of the "Iranian agreement": the Strait of Hormuz is feared to continue to be paralyzed, and oil prices are expected to soar to new highs this summer.

According to the Zhitong Financial APP, investment bank Piper Sandler stated that they do not believe the comments about an imminent agreement between the United States and Iran, and informed customers that the Strait of Hormuz will largely remain closed and oil prices will reach a new high.