Oil prices could hit $160 per barrel amid Strait of Hormuz disruptions

## Market Snapshot

The “Crude Oil All Time High Predictions” market shows a current 0.5% YES for May 31, 6% YES for June 30, 23.5% YES for September 30, and 32% YES for December 31. The “Strait of Hormuz traffic returns to normal by June 15” market shows a 9.5% YES probability.

## Key Takeaways

– Market activity suggests an expectation of continued instability in the Strait of Hormuz, impacting oil prices. – The likelihood of crude oil reaching a new all-time high appears consistent with escalating tensions in the region. – Pricing appears supportive of NO for the possibility of normal traffic resuming through the Strait of Hormuz by mid-June.

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