Global oil prices rise above $100 per barrel by December 31, 2026

Trump's termination of the Iran ceasefire and subsequent U.S. actions will disrupt oil supply from the Strait of Hormuz, while Iran's retaliation further destabilizes the region. Combined with OPEC+ production cuts, this will push Brent crude prices above $100 per barrel.

price · Prediction Market

Implied probability (Yes)

75%

Closes

2026-12-31

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