Mon, 02 Mar 2026 12:41:56 GMT
WTI Crude Oil Analysis: Iran–US Conflict Fuels Volatility Spike as Price Eyes $77
WTI Light Crude Oil has surged from around $67 to the mid-$70s before settling near $72.7, marking a massive high-volatility breakout. The sharp move is largely driven by escalating tensions between Iran and the United States, increasing fears of potential supply disruptions, particularly around key oil transit routes in the Middle East. This geopolitical risk has added a strong premium