Oil prices dropped over 30% Monday—the biggest single-day fall ever—from above $117 to around $83 per barrel for West Texas Intermediate, after ships resumed cautious passage through the Strait of Hormuz. This followed a U.S.-led campaign called 'Epic Fury,' now in its 10th day since February 28, targeting Iran's missiles, factories, and navy with Israeli airstrikes. U.S. officials like Secretary Rubio and President Trump say the operation nears completion, though Iran vows retaliation amid heavy casualties on both sides, including a school strike killing over 16,000 children.

(http://www.autoadmit.com/thread.php?thread_id=5843714&forum_id=2...id.#49730433)