Oil prices surged after Trump's threats on shipping through the Strait of Hormuz. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Brent crude climbed above $78 and WTI gained over 3% as escalating Iran-US tensions and threats to Strait of Hormuz shipping raised global supply concerns.

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

Oil prices climbed over 2% after U.S

US President Donald Trump says he wants to charge vessels 20% tax to cross strait