Oil Prices Swing 13% in Three Days as Middle East Tensions Shift

Brent crude fell 6% on July 26 when the U.S. paused strikes on Iran, then surged 7% on July 29 as U.S. and Saudi forces hit Iran-backed groups in Iraq blamed for drone attacks on Saudi oil facilities. The whiplash shows how de-escalation in one theater can coincide with escalation in another.