Oil Price Volatility Soars Amid Geopolitical Uncertainty

Oil price volatility has climbed dramatically as tensions between Israel and Iran escalate, with Brent breaking the $90 mark early on Friday morning before falling back to the $86 handle.Friday, April 19th 2024The drastic seesawing of oil prices in recent trading sessions reflects the uncertainty surrounding the Israel-Iran conflict, with initial reports of Israeli strikes on Iranian soil ratcheting up Brent above $90 per barrel, only to see them plunge back to $86 per barrel following Tehran’s dismissal of their impact. The reimposition…