Global oil prices exceed $120 per barrel within 90 days

Escalating tensions in the Strait of Hormuz, a critical chokepoint for oil shipments, have historically driven prices higher. With U.S.-Iran military actions increasing and potential disruptions to shipping lanes, Brent crude is likely to surge past $120 per barrel by early October 2026.

macro · Prediction Market

Implied probability (Yes)

70%

Closes

2026-10-07

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