US strikes on Iran push oil prices higher, with crude oil reaching a new all-time high by September at 4.5% YES and by December at 10.5% YES.

US strikes on Iran push oil prices higher, with crude oil reaching a new all-time high by September at 4.5% YES and by December at 10.5% YES.

Global oil prices spiked over 5% after US military strikes on Iran, intensifying West Asia tensions and threatening the security of the vital Strait of Hormuz shipping route.