Recent developments in the Middle East have led to dramatic fluctuations in oil prices, with Brent Crude soaring to near $120 per barrel before retreating below $100. Amid speculation regarding a potential end to the Iran war, U.S. stock markets experienced significant volatility, initially suffering sharp losses only to recover by the close. Wall Street witnessed a remarkable turnaround, erasing hefty early declines and closing higher as market participants reacted to the easing oil prices and comments from officials suggesting that energy price shocks may be contained. This has resulted in a rollercoaster week for both oil and stock markets, highlighted by a day where WTI crude saw historic volatility, swinging $38 from peak to trough. As investors continue to navigate these turbulent times, uncertainty remains over future supply dynamics and inflation concerns.