Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

I avoid long-term oil investments due to unpredictable price swings, but high implied volatility now creates an opportunity to sell options for

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine.

Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

When the conflict began on June 13, it led to a significant surge in oil prices. But come June 17, and all gains have been erased. Oil, which was trading north of $75 on June 13, was quoted at $69.77 at press time.