Iran War's Impact on Oil Prices and Market Volatility
Brent crude oil prices surged over 55% since the start of the Iran war, reaching nearly $120 a barrel, driven by fears of disrupted oil flows through the Strait of Hormuz. March saw one of the largest monthly oil price jumps on record, with Brent gaining 51% as Gulf output fell and exports stalled. The conflict has caused significant market volatility, with prices fluctuating sharply in response to developments in the region.
Topics: Brent crude geopolitical conflict Iran war oil prices Strait of Hormuz