US oil prices jump 8% to $94 as Iran ends talks with US

## Market Snapshot

Crude oil markets react to Iran’s decision to end negotiations with the US, pushing prices up. The “Crude Oil All Time High Predictions” market shows a 23.5% YES for September 30, up from 20% a day ago. The WTI market for a price drop to $20 in June 2026 remains at a low 0.3% YES.

## Key Takeaways

– Iran’s cessation of talks appears to have increased market anxiety over potential disruptions in oil supply. – The spike in oil prices suggests heightened concerns over regional security and control of the Strait of Hormuz. – Markets indicate a reduced likelihood of crude oil prices dropping significantly in the near term.

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