Oil Volatility Surges as Iran War Uncertainty Roils Markets

Oil prices swung sharply this week, with a late Monday slide followed by a bounce as President Trump’s comments fed uncertainty about a potential Iran conflict. Brent traded near $92 a barrel and WTI around $89 after a spike toward $120 earlier, while the CBOE Crude Oil Volatility index surged above 100 to pandemic-era highs. Analysts warn intraday swings will likely continue as geopolitics remain fluid, even as US stock futures edged higher and European/Asian markets recovered from Monday’s losses.