In recent days, oil prices have demonstrated significant fluctuations as geopolitical tensions between the U.S. and Iran escalated. Prices surged to 4-year highs following attacks on vessels in the Strait of Hormuz, a crucial shipping corridor for oil, raising fears of supply disruptions. Following these developments, reports indicated a possibility of negotiations between U.S. President Trump and Iran, which led to a temporary easing of prices. However, the threat of further violence and ongoing blockades kept prices elevated, with Brent crude hitting $126 per barrel at times. As the situation continues to evolve, markets remain on edge, balancing hopes for diplomatic resolution against the backdrop of potential conflict.