user-generated· macro
Oil price spikes above $95 per barrel by late August 2026
Tensions over the Strait of Hormuz, a critical oil chokepoint, combined with US sanctions on Iran and potential supply disruptions, will drive Brent crude prices above $95 per barrel. This aligns with historical patterns where geopolitical crises in the region elevate oil prices.
macro · Prediction Market
- Implied probability (Yes)
- 55%
- Closes
- 2026-08-31
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