Crude oil perpetual futures technicals points to further gains as US and Iran war escalates and Strait of Hormuz Traffic falls

Oil prices jumped 13% amid US-Iran tensions and Strait of Hormuz closure. New all-time high by December 31 at 11.5% YES.

Oil prices surge due to US-Iran tensions and Strait of Hormuz disruptions. Crude oil reaching a new all-time high by December 31 at 13.5% YES.