US-Israel-Iran conflict raises crude oil all-time high potential: IEA chief

## Market Snapshot

Iran Military Action Against Neighbors: Pending resolution with increased relevance due to regional tensions. Israel Airspace Closure: Currently 7.2% YES, down from 23% a week ago. Crude Oil All Time High Predictions: 0.2% YES for May 31, with higher probabilities for later dates.

## Key Takeaways

– The report of a US-Israel war on Iran suggests increased regional tensions, consistent with potential Iranian military actions against neighbors. – The likelihood of Israel closing its airspace appears to have decreased slightly despite ongoing conflict risks. – Market pricing indicates significant potential for crude oil to reach a new all-time high due to disrupted supply routes and reduced oil investment.

## Article Body