Oil prices surge amid geopolitical tensions, raising concerns for the U.S. economy. New all-time high by September 30 at 12.1% YES, by December 31 at 20.5% 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.

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

Oil prices hit a 6-week high amid US-Iran tensions. New all-time high by December 31 at 15.5% YES.