Iran conflict disrupts LNG supply, increasing demand for oil. Crude oil reaching a new all-time high by December 31 at 15.5% YES.

Oil prices rise amid US-Iran tensions. Crude oil reaching a new all-time high by December 31 at 12% YES.

Oil prices rose to five-week highs as escalating U.S.-Iran hostilities and mounting threats to key Middle East shipping routes heightened fears of supply disruptions.