Global oil prices rise 5% due to Hormuz Strait transit fee uncertainty

By the end of October 2026, global Brent crude prices will increase by at least 5% from current levels, driven by uncertainty over potential transit fee disputes in the Strait of Hormuz. The price surge will reflect risks to oil supply chains.

macro · Prediction Market

Implied probability (Yes)

65%

Closes

2026-10-31

More macro markets

• Labour loses 10% of its UK polling lead to Greens by 2027 — 68% Yes
• S&P 500 surpasses 6,500 by December 2027 — 70% Yes
• Highway Trust Fund revenue loss triggers 2027 infrastructure cuts — 60% Yes
• Australian coal exports to China fall 15% by Q4 2026 due to supply disruptions — 60% Yes
• Iran exports LPG volume rises 15% by Q4 2026 — 70% Yes
• IDMC annual report shows 40m+ total displacements in 2026 — 80% Yes
• US dollar strengthens against yuan by 5% within 6 months — 70% Yes
• NY budget passes with pension reform by June 30 — 70% Yes

Browse all macro markets →