In this article
Crude oil prices are expected to jump when trading opens Sunday evening, as market participants fear war between the U.S. and Iran will spiral out of control and lead to a major supply disruption.
The massive wave of airstrikes launched by the U.S. and Israel against Iran have killed Supreme Leader Ayatollah Ali Khamenei and other top leaders in the Islamic Republic. See the latest developments here.
Kalshi prediction markets currently see a 79% likelihood that U.S. crude oil hits at least $73 per barrel or more. U.S. crude
closed at $67.02 per barrel on Friday, having run up 17% so far this year in anticipation of a possible Iran attack. Energy futures begin trading at 6:00 p.m. ET.
