Based on an analysis of r/investing discussions and market data: Key insights: 1. Geopolitics became the main driver of oil market volatility in 2026 2. Prices fell by 17% in 2025, but early 2026 brought sharp fluctuations 3. The US-Iran conflict in March 2026 temporarily lowered the price to $90/barrel 4. Main risk factors: Strait of Hormuz, sanctions, soaring freight rates 5. The Russian market demonstrates a paradox: price decline in 2025 vs. geopolitical optimism for 2026 Expert assessments: - SberCIB and Movchan's Group warn of the risk of sharp price spikes - Investors are changing strategies: from long-term positions to using volatility for short-term trades - Fundamental concerns coexist with growth expectations due to crises Recommendations for traders: - Monitor news on the Middle East and sanction policies - Be prepared for rapid trend changes - Consider hedging through options during periods of heightened tension Material prepared for publication in the blog and Telegram channel.