Oil's $15 Swing: War Headlines, Not Fundamentals

Brent crude swung 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, that means gas-price relief may prove temporary.