Oil prices spike as Hormuz traffic slows amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 12.5% YES.

Brent oil jumps 3% amid US-Iran tensions. WTI reaching $110 by July 2026 at 1.7% YES.

Oil prices surged as the US and Iran clashed over the Strait of Hormuz. WTI reaching $110 in July 2026 at 1.2% YES.