Oil prices rebounded on Wednesday, with Brent crude rising approximately $2 to $80.58 per barrel and U.S. West Texas Intermediate (WTI) climbing to $76.96 per barrel, following the assassination of Hamas leader Ismail Haniyeh in Iran. The spike in oil prices was driven by increased geopolitical tensions in the Middle East, particularly after the Israeli government claimed to have killed a senior Hezbollah commander in Beirut. Despite this temporary uplift, analysts caution that prices remain under pressure due to weak demand from China, the world's largest crude oil importer, where manufacturing activity has declined for three consecutive months. The upcoming OPEC+ meeting is expected to address production cuts, which may further influence market stability. The overall outlook suggests that without significant disruptions to oil supply, the recent price rally may not be sustainable.