Donald Trump’s threats to initiate new military strikes on Iran have caused oil prices to surge. Markets are concerned about potential disruptions in Middle East oil supply, a region critical to global oil flows. Brent crude and WTI prices are particularly sensitive to geopolitical tensions involving Iran. Prediction platforms show a significant revision in the likelihood of crude oil reaching new all-time highs by the end of the year. The September 30 sub-market has seen YES pricing increase from 2% to 3.6%.
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