Iran warns that $100 oil is just the beginning amid rising tensions. New all-time high for crude oil by December 31 at 17.5% YES.

US oil prices surged above $85 amid escalating Iran conflict. Crude oil reaching a new all-time high by December 31 at 16% YES.

Iran warns of potential oil supply disruptions due to Strait of Hormuz tensions. WTI reaching $90 in July priced at 67.3% YES.