Oil Price Volatility: A Middle East Maelstrom The oil price rollercoaster continues to spin wildly, driven by the eternal seesaw of diplomacy and military might in the Middle East.
Recent US strikes on Iran have cast a pall of uncertainty over the market, sending Brent crude soaring 2% while West Texas Intermediate (WTI) struggled to stay above $90 per barrel.
The latest developments are merely the latest chapter in a long running saga that has seen oil prices yo yo in response to every twist and turn in the US Iran standoff.