Oil prices have pulled back after an earlier surge driven by fears the Iran conflict could disrupt shipments through the Strait of Hormuz. Crude briefly approached $120 a barrel before retreating as traders bet governments could release emergency reserves to offset potential supply shocks. Confusion over a social media post suggesting a tanker had been escorted through the strait, later contradicted by the White House, added to the volatility. Reports that Iran could be preparing to deploy mines in the vital shipping lane have kept markets on edge even as stocks staged a rebound. Josh Gilbert, Market Analyst, eToro explore the return of the geopolitical risk premium and what it means for investors.