Brent crude futures experienced significant volatility, dropping 19.24% on April 8 following a US-Iran ceasefire that initially removed the war premium from oil prices. However, subsequent ceasefire violations and a strong statement from President Trump led to an 8.45% rebound. Trump declared that US military assets would remain in place around Iran until a final agreement is reached, warning of a powerful response if compliance fails. Technical indicators suggest potential for further price increases. A hidden bullish divergence on the daily chart and a pattern of short covering in open interest indicate underlying strength. The United States Brent Oil Fund's options activity shows a bullish tilt, though hedging has increased. Brent crude currently trades at $96.86, with key levels at $100.45 for potential upward momentum and $90.34 as a critical support level.