Persian Gulf disruptions keep 6-7M barrels offline, pushing WTI to $79. New all-time high by September 30 at 5.1% YES.

Gulf markets fall as US-Iran tensions disrupt the Strait of Hormuz. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

WTI Crude prices were back up to around $80 per barrel on Tuesday morning, climbing from as low as $68.58 per barrel in early July.