Iran conflict boosts U.S. crude imports from Asia to record levels. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

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.

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…