According to PPP prediction market tools, the probability that “WTI crude oil will rise to $80 in July 2026” on Polymarket has reached 47%, up 28% in the past 24 hours.
Donald TrumpToday, it was reported that a large-scale attack on Iran may be imminent; as the 60-day ceasefire agreement between the U.S. and Iran hangs in the balance, tanker traffic through the Strait of Hormuz has “virtually ground to a halt.”Naveen Das, a senior oil analyst at Kpler, said that since the U.S. and Iran reached a 60-day ceasefire agreement on June 17, the average daily number of oil tankers passing through has been about 32.This figure is nearly three times the average daily traffic recorded between the outbreak of the conflict (in February) and the signing of the agreement on June 17, though it remains far below pre-war levels.
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