US attacks on Iran drive oil price surge amid geopolitical tensions

## Market Snapshot

Crude Oil All Time High Predictions are currently priced at 0.2% YES for May 31, with a notable decline from 1% yesterday. The September 30 sub-market shows a 22% YES price, down from 25% the previous day. June 30 and December 31 sub-markets are at 6% and 32.5% YES, respectively.

## Key Takeaways

– The recent US attacks on Iran appear to be consistent with scenarios where crude oil prices could rise significantly. – Market activity suggests a potential increase in geopolitical tensions impacting oil supply, with a moderate to high effect on pricing. – Current market pricing indicates a low probability of reaching an all-time high by May 31, but higher probabilities for later dates.

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