International crude oil will face a new test as geopolitical premium squeezes water. On the 28th, international oil prices fell sharply after Israel's retaliatory attack on Iran over the weekend did not involve oil and nuclear facilities, easing tensions in the Middle East. As new measures for the Gaza ceasefire are put back on the agenda, the geopolitical premium is further shrinking. Analysts believe that if the situation in the Middle East stabilizes, oil prices will once again be dominated by economic fundamentals, and potential market share competition on the supply side may bring new tests to the market.