Oil prices surged as Iran threatened to close the Strait of Hormuz. Crude oil reaching a new all-time high by September 30 at 21.5% YES.

Middle East conflict strains energy supplies, boosting crude oil price forecasts; new all-time high by September 30 at 21% YES.

Strait of Hormuz traffic unlikely to normalize by June 15, with market confidence at 8.5% YES.