user-generated· price
Oil price WTI exceeds $130 per barrel by August 31 2026
Current U.S.-Iran strikes in the Strait of Hormuz disrupt 20% of global oil transit. Escalation to full closure threats or sustained military engagement will push Brent crude over $120, with WTI likely to follow. Seasonal summer demand and refinery maintenance constraints amplify the upside.
price · Prediction Market
- Implied probability (Yes)
- 72%
- Closes
- 2026-08-31
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