Oil prices are anticipated to experience significant volatility in the coming months as geopolitical tensions continue to impact the Strait of Hormuz, a critical chokepoint through which approximately 20% of the world's oil supply is transported. The ongoing partial closure of this vital shipping lane poses risks to the flow of millions of barrels of oil, contributing to an increasingly precarious market sentiment. According to the U.S. Energy Information Administration (EIA), Brent crude prices could surge to $115 per barrel by 2026, reflecting the potential for prolonged disruptions and heightened demand dynamics. This forecast comes amid a backdrop of extreme market sentiment characterized by heightened investor anxiety and speculation surrounding oil supply security. As traders navigate these turbulent waters, the oil market's current trajectory is influenced by both immediate supply concerns and longer-term economic indicators, suggesting that volatility may persist as stakeholders adjust to evolving geopolitical realities.