Polymarket Predicts WTI Crude Oil Price Surge by 2026

The probability of WTI crude oil reaching $110 by April 2026 has significantly increased on Polymarket, now standing at 67%, with a 13% rise in the last hour and a 20% increase over 24 hours. According to Odaily, the total trading volume for this event contract has surpassed $24 million. The contract stipulates that if the highest price of any one-minute candlestick for WTI crude oil futures during April 2026 equals or exceeds the listed price, the market will be deemed a 'yes'; otherwise, it will be a 'no'. Previously, the March WTI crude oil price prediction contract required the official settlement price of the active month contract on any trading day at the Chicago Mercantile Exchange to meet or exceed the listed price by the last trading day of March 2026 for a 'yes' outcome. U.S. President Donald Trump announced today that the U.S. Navy, the world's most powerful naval force, will begin blocking any vessels attempting to enter or exit the Strait of Hormuz. He also ordered the Navy to search and intercept any ships that have paid transit fees to Iran in international waters. Those who have paid such fees will not be allowed safe passage on the high seas, and efforts will begin to destroy Iranian mines in the strait. Trump warned that any Iranian who fires upon peaceful vessels will face severe consequences. He stated that Iran knows how to end the war that has devastated their country, noting the loss of their navy, air force, and defense systems, as well as the deaths of leaders including Khamenei, all due to their nuclear ambitions. The blockade is set to begin with other countries joining in, ensuring Iran does not profit from illegal extortion. Iran seeks money and, more importantly, nuclear weapons.