Oil edges up as traders digest escalation in U.S.-Iran strikes

Oil prices jumped on Thursday as hostilities escalated between the U.S. and Iran, then pared gains as traders reassessed the actual scale of supply disruption risk. The move reflects geopolitically driven volatility in energy markets, with prices reacting first to conflict escalation and then to uncertainty around physical supply impacts.

Analysis

Oil prices jumped on Thursday as hostilities escalated between the U.S. and Iran, then pared gains as traders reassessed the actual scale of supply disruption risk. The move reflects geopolitically driven volatility in energy markets, with prices reacting first to conflict escalation and then to uncertainty around physical supply impacts.