High oil price volatility in next few days, warns Lambert

• Oil prices (WTI and Brent) slumped significantly (over 14%) following the announcement of a two-week ceasefire between the U.S. and Iran.
• Concerns remain about the temporary nature of the ceasefire and Iran's conditions for safe passage through the Strait of Hormuz, which the analyst describes as a 'huge risk'.
• The market is expected to remain highly cautious, with high price volatility in the coming days, as the situation is 'technically solved but not fundamentally solved'.

The discussion covers the immediate impact of a two-week U.S.-Iran ceasefire on oil markets. While oil prices have slumped significantly, the analyst warns of continued high volatility due to the temporary nature of the agreement, ongoing supply chain disruptions, and unresolved geopolitical risks surrounding the Strait of Hormuz.