Brent crude oil price exceeds $120/barrel by 2026-09-30

Market overview

The revocation of Iran oil waivers and escalating tensions in the Strait of Hormuz will disrupt global oil supply chains, reducing available crude. OPEC+ production cuts and geopolitical risks will further tighten the market.

macro prediction market

Implied probability (Yes)

75%

Closes

2026-09-30

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