Oil prices surged after U.S. and Saudi strikes on Iran-backed militias in Iraq. New all-time high for crude oil by December 31 at 13.5% YES.

Oil prices fell as Middle East tensions eased, with crude oil reaching a new all-time high by September 30 at 6.2% YES.

Oil prices fell sharply as US-Iran tensions eased. Crude oil reaching a new all-time high by September 30 at 5.5% YES.

Crude oil futures rise sharply after US-Saudi strikes on Iran-backed targets heighten supply disruption risks in the region.

Iran's IRGC says its naval forces hit three oil tankers in Strait of Hormuz