
Iran War Timeline: How Conflict Shook Global Oil Prices
Oil prices have shown extreme volatility since the outbreak of conflict involving the US and Israel against Iran, with Brent crude surging over 55% due to supply fears in the Strait of Hormuz. Key price spikes were triggered by events such as initial US-Israeli strikes, attacks on Iranian energy facilities, and the blockade of Iranian ports. Temporary dips occurred during periods of reported diplomatic discussions. However, prices remained volatile, notably after Iran re-imposed tighter control over the Strait of Hormuz, leading to renewed market uncertainty.






















