Market Snapshot
The market for crude oil reaching a new all-time high by September 30 is currently priced at 16.5% YES. The market has seen a slight decrease from 17% over the past 24 hours. Meanwhile, the market for reaching a new all-time high by June 30 is priced at 2.5% YES, unchanged from the previous day.
Key Takeaways
The recent U.S. strikes on Iran appear to have increased concerns about potential disruptions in energy supply, which could drive up oil prices.
Market participants suggest this event is consistent with scenarios where heightened geopolitical tensions impact oil flow, particularly through key chokepoints like the Strait of Hormuz.
