US-Iran tensions raise fears of $4 gas as the Strait of Hormuz is closed. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

US-Iran tensions rise after missile strikes, pushing oil prices higher. WTI reaching $110 by July 2026 at 1.4% YES.

Oil prices jumped 4% amid US-Iran tensions closing the Strait of Hormuz. WTI reaching $110 by July 2026 at 1.4% YES.

US-Iran strikes raise oil prices amid supply concerns. WTI reaching $110 in July 2026 at 1.2% YES.

By Claudia Assis and Myra P. Saefong