The latest flip-flop came after the U.S. delivered plan to Iran to pause war
Uncertainty from the war has led to manic back-and-forth swings in oil, stock markets
The Middle East war has made it difficult for anyone to make economic forecasts
On Wednesday, the Fed's Powell said it's unclear what will happen with oil prices, tariffs
The S&P/TSX composite index was down 150 points on Wednesday
The IEA was created in the aftermath of the 1973 oil crisis
The April crude oil contract was down US$11.32 at US$83.45 per barrel
The S&P/TSX composite index was down more than 300 points on Thursday
On Thursday, the price of oil spiked to its highest level since the summer of 2024
In financial markets, worries are centred on how long the war with Iran could last