Brent crude oil has hit $115 per barrel, its highest level since 2022, driven by the ongoing Iran-Israel war. In the Polymarket Crude Oil Price by End of June market, a YES share on crude hitting $90 by the end of June sits at 62¢, with 62 days left until resolution.
With Brent at $115, traders are pricing in a higher likelihood of crude staying above $90 by late June. Iran’s threats to oil supply routes are keeping the market elevated, and bullish sentiment dominates as traders expect further disruptions.
The WTI Crude Oil Price April 2026 market is a different story. Hitting $160 within April faces a one-day window, and current conditions make that level unlikely even with the broader conflict-driven price surge.
Trading volume for both markets shows no face value or actual USDC reported in the last 24 hours. Traders may be waiting for further developments or confirmation of supply disruptions before acting. The lack of activity could also indicate position-holders sitting tight in anticipation of future price moves.
The geopolitical situation is a real driver. Iran’s closure of the Strait of Hormuz and US-Israel joint strikes are directly constraining supply. At 62¢, a YES share on crude hitting $90 by June pays out if prices hold or rise, a straightforward bet for anyone who expects the conflict to continue without a near-term diplomatic resolution.
Watch for statements from OPEC+ or the International Energy Agency on production cuts or reserve releases, which would directly affect supply expectations. The upcoming G7 meeting and any shifts in US-Iran peace talks are the next signals traders should track.
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