Crude oil prices exceed $125/bbl by 2026-08-15

Iran's threat to close the Strait of Hormuz and escalating US-Iran attacks will disrupt global oil supply, driving Brent crude prices above $125 per barrel. This aligns with historical price spikes during geopolitical oil supply shocks.

macro · Prediction Market

Implied probability (Yes)

78%

Closes

2026-08-15

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