Oil prices are expected to rise above $85 amid conflict in the Strait of Hormuz. Iran charging transit fees by August 31 at 50.5% YES.

Iran attacked vessels in the Strait of Hormuz, causing oil prices to rise. WTI reaching $110 in July 2026 at 1.2% YES.

The U.S. and Iran disputed whether Hormuz was open to ship traffic after trading strikes over the weekend.

US-Iran strikes raise oil prices amid supply concerns. WTI reaching $110 in July 2026 at 1.2% YES.