WTI crude oil prices hit $120/barrel by Q3 2026

Market overview

Trump’s Iran policy could escalate to a regional conflict, cutting off 2 million barrels/day of Iranian oil exports. Analysts project a supply deficit of 1.5-2 million barrels/day, pushing prices to $100-$120 by mid-2026 as OPEC+ fails to offset losses.

macro prediction market

Implied probability (Yes)

78%

Source: user-generated

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