Oil prices have been fluctuating significantly as tensions rise between the U.S. and Iran, with recent strikes from the U.S. raising fears of escalating conflict. Traders reacted to the back-and-forth military operations, leading to sharp price movements. On one hand, oil prices surged due to concerns over supply disruptions, particularly around crucial shipping routes like the Strait of Hormuz. On the other hand, announcements from Iran regarding the end of military operations against Israel provided temporary relief, leading to a drop in prices. Overall, the market remains cautious, with analysts predicting potential spikes and falls as the situation develops.