According to CoinMeta, oil prices remain around $89 due to the intensifying standoff between Iran and the United States, along with an unexpected increase in crude oil inventories. The prices of Brent and WTI crude oil are essentially unchanged, as the market has already priced in the risk of a prolonged deadlock rather than an imminent breakthrough. Both OPEC and IEA have lowered their demand forecasts, indicating that refineries, especially those in Asia, are unable to obtain sufficient crude oil due to the restrictions on the Strait of Hormuz. IEA has expanded its forecast for the supply gap in the third quarter, expecting it to reach 1.8 million barrels per day, and the inventory buffer is rapidly depleting. Any further escalation of shipping attacks will have a significant impact on prices.