Middle East conflict closes the Strait of Hormuz, raising crude oil price expectations; new all-time high by September 30 at 17% YES.
Market Snapshot
Crude Oil All Time High Predictions market reflects a 17% YES probability for a new all-time high by September 30, up from 15% a day ago. Odds for June 30 remain low at 2.8%, while December 31 holds steady at 24%.
Key Takeaways
The closure of the Strait of Hormuz appears to have intensified competition for US LNG between European and Asian buyers.
This development suggests a potential global gas supply shock, with significant economic implications.
Oil prices surged as Iran threatened to close the Strait of Hormuz. Crude oil reaching a new all-time high by September 30 at…
Oil prices could rise to $160 per barrel due to Strait of Hormuz disruptions. New all-time high by September 30 at 23.5% YES.
Strait of Hormuz reopening may lower oil prices. New all-time high for crude by September 30 at 22% YES.
Middle East conflict disrupts Strait of Hormuz, impacting oil supply. Normal traffic by June 15 at 7.5% YES; new all-time high…
Middle East oil output cut by 11M bpd due to the Strait of Hormuz blockade. Crude oil reaching a new all-time high by September…
Goldman warns of potential supply shock from Strait of Hormuz disruptions. Crude oil reaching a new all-time high by September 30…
