Bessent predicts oil could drop to $40 after the Iran war, influencing bond yields. New all-time high for crude oil by September 30 at 1.6% YES.

US-Iran tensions escalate, pushing oil prices higher. Crude oil reaching a new all-time high by September 30 at 1.9% YES, and by December 31 at 12% YES.

Oil prices dip as markets assess US military action against Iran. Crude oil reaching a new all-time high by September 30 at 1.6% YES.