Brent crude oil to exceed $85 per barrel by 2026-12-31

Market overview

Following the latest U.S. strikes on Iran and ongoing geopolitical tensions in the Strait of Hormuz, Brent crude oil prices are expected to rise further. The withdrawal of Iran's oil sales waiver by the U.S. Treasury also tightens global supply. Traders anticipate sustained risk premiums.

commodity_price prediction market

Implied probability (Yes)

72%

Closes

2026-12-31

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