user-generated· macro
Global oil prices surge above $100 per barrel by end of July
Global oil prices will exceed $100 per barrel by July 31, 2026, driven by escalating tensions in the Strait of Hormuz, disruptions to oil tanker traffic, and potential Iranian retaliation against key oil infrastructure. Brent crude futures are already elevated, and further supply risks will push prices higher.
macro · Prediction Market
- Implied probability (Yes)
- 80%
- Closes
- 2026-07-31
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