Earlier quoted context omitted.
"volatile" tells the compiler it is _not_ safe to optimise away any read or write, so it can't just optimise that section away at all. > An object that has volatile-qualified type may be modified in ways unknown to the implementation or have other unknown side effects. Therefore any expression referring to such an object shall be evaluated strictly according to the rules of the abstract machine, as described in 5.1.2…
When compiler decides something is UB aka "result of this code is not defined and could be any" it selects the most performant version of undefined behavior - doing nothing by optimizing code away.
Volatile means something else may be acting here. Something else may install anything into the register at any time - and every time you access.
The compiler is required to preserve the order of accesses. In almost every C compiler, today, there are almost no optimisations the moment a volatile is introduced, for this reason.