Oil futures retreat from four-year high as geopolitical risks keep markets on edge

Oil futures fell sharply early Thursday, reversing gains after hitting a four-year high. The earlier climb followed a report that President Donald Trump is weighing further military action in Iran. Market players focused on developments in the region, driving volatility in crude prices. The reversal highlighted uncertainty around supply risks tied to Middle East tensions. Analysts noted that prices could shift quickly as new information emerges. The day’s move underscored how geopolitical news continues to influence the oil market.