Oil prices have experienced significant volatility as tensions escalate between the US and Iran, particularly surrounding the Strait of Hormuz. Recent setbacks, including the US seizure of an Iranian ship and accusations of ceasefire violations, have fueled concerns over potential supply disruptions. Following the latest standoff, oil prices surged by as much as 6%, reflecting fears of a breakdown in US-Iran peace talks and the implications of restricted access to this critical shipping lane. Despite fluctuations, some analysts remain optimistic about a possible resolution, suggesting that ongoing negotiations could ultimately stabilize the situation. However, the market remains on edge, as competing narratives of war and peace shape investor sentiment.