Oil prices jump as Iran threatens to close Strait of Hormuz amid US tensions

## Market Snapshot

Crude Oil All Time High Predictions are currently priced at 21.5% YES for September 30, up 1.5% from 24 hours ago. The WTI Crude Oil June 2026 market shows a 0.3% YES probability for prices hitting a low of $20, indicating little expectation of such a decline.

## Key Takeaways

– Market activity suggests increased likelihood of crude oil reaching a new all-time high by September 30. – The threat to close the Strait of Hormuz appears to be a significant factor influencing oil market pricing. – Current pricing indicates low probability of a drastic drop in WTI prices to $20 in June 2026.

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