According to data from Polymarket, as reported by Odaily, the probability of crude oil prices breaking $100 in March surged from a low of 35% yesterday to 76%, with trading volume exceeding $10 million. Previously, JPMorgan Chase stated that even a mere 3-4 weeks of disruption to passage through the Strait of Hormuz could force Gulf Cooperation Council member states to shut down oil production and push Brent crude prices above $100 per barrel.
On Polymarket, the probability of "crude oil prices breaking $100 in March" has surged to 76%.
2026-03-07 00:21:12
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