Key takeaways Extreme oil volatility amid geopolitical risks: West Texas Intermediate crude oil has swung violently during the ongoing US–Iran war 2026, rallying to a 4-year high of $119.54, plunging to $76.83, and then rebounding as fears of disruption around the Strait of Hormuz intensified. IEA stockpile release fails to cap prices: Despite the International […]

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