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Brent whipsaws on Hormuz war fears and policy signals; volatility surges as traders unwind positions and markets await restored oil flows.
Published: March 12, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Harinder Sandhu

Harinder Sandhu

Quantitative Research Associate, Flux
Harinder Sandhu
16 page report
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It's been another week of carnage and chaos in the physical and paper markets as the Iran conflict enters its second week.

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