A timeline of how the Iran war shook oil prices — and what comes next

Oil markets have whipsawed since the start of the Iran war, with supply risks around the Strait of Hormuz driving extreme price swings and historic volatility. The article highlights elevated geopolitical risk to crude flows through a key chokepoint, implying sustained upside pressure on energy prices and broader risk assets. This is market-wide, as disruptions in the Strait of Hormuz could affect global oil supply and inflation expectations.

Analysis

Oil markets have whipsawed since the start of the Iran war, with supply risks around the Strait of Hormuz driving extreme price swings and historic volatility. The article highlights elevated geopolitical risk to crude flows through a key chokepoint, implying sustained upside pressure on energy prices and broader risk assets. This is market-wide, as disruptions in the Strait of Hormuz could affect global oil supply and inflation expectations.