Mukesh Sahdev, founder and CEO of XAnalysts, declared the Middle East conflict effectively over and predicted oil prices will not exceed $100 per barrel. As a veteran oil analyst with deep market knowledge, Sahdev's assessment carries significant weight for energy traders and businesses concerned about geopolitical risks affecting global supplies.

The analyst specifically dismissed fears of a Strait of Hormuz shutdown, noting that maritime traffic through the critical waterway continues without disruption. Current market data supports Sahdev's view, with global inventories remaining adequate and production from other regions offsetting any potential Middle Eastern supply constraints.

The $60–$70 range represents Sahdev's expected settling point for crude prices, indicating a return to more normalized market conditions. This forecast offers relief to industries dependent on stable energy costs and suggests recent price volatility may reflect temporary geopolitical anxiety rather than fundamental supply-demand imbalances.