Oil swung $15 in eight days on war news, not supply and demand

Brent crude ranged from $84.95 (July 15, Reuters) to over $100 (July 23, Reuters) then fell to $88.36 (July 26, NYT) after the U.S. paused strikes on Iran. Each prior diplomatic pause in June and July was reversed within weeks by renewed escalation. For consumers, the pattern means gas-price relief may prove temporary.