G7 meets in Paris as Iran plans Strait of Hormuz transit fees amid tensions

## Market Snapshot

Next US x Iran Diplomatic Meeting market suggests decreasing likelihood with 49% YES. WTI Crude Oil Prices for May 2026 are seeing increased pricing at 59.5% YES for $110.

## Key Takeaways

– The G7 meeting and Iran’s actions appear to suggest increased geopolitical tensions. – Market pricing implies a lower probability of a US-Iran diplomatic meeting by June 30. – WTI crude oil price market suggests potential increases consistent with geopolitical risks.

## Article Body