MANIFOLD
If the Strait of Hormuz is closed, will crude oil hit $___ before April 2026?
69
Ṁ2kṀ27k
Apr 1
99%
$80
99%
$90
99%
$100
99%
$110
36%
$120
22%
$130
17%
$150

Each option resolves YES if and only if:

i) The Strait of Hormuz is closed by March 31st 2026, determined by whether this Polymarket resolves YES, AND

ii) WTI Crude reaches or exceeds the price listed at any point between market creation and before 11:59pm ET March 31st 2026, according oilprice.com

If (i) is false, all options resolve NA. If (i) is true and (ii) is false, the option resolves NO.

Market context
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the East-West line Saudi Arabia’s East-West Crude Oil Pipeline 1,200 km (≈750 mile) system moves oil from the Eastern Province fields/Abqaiq complex to the Red Sea port of Yanbu, bypassing the Strait of Hormuz. OPERATIONAL Current maximum operational 7 mbpd. Today,being ramped toward the 7 mbpd ceiling as Saudi reroutes exports. Yanbu export terminals can only load ≈4.3–4.5 mbpd (some volume also goes to local refineries). UAE also has a pipeline. The existing pipelines (Saudi 7 mbpd + UAE 1.8 mbpd) + US Navy escorts reopening Hormuz. Second UAE line will be ready in 2027. About half of the oil can or will soon get out.

YIKESS

bought Ṁ1,067 YES

80 and 90 can resolve @brod Thank

@ChristopherRandles Strait hasn’t closed according to polymarket yet, could be NA

Requirements for strait of Hormuz have been satisfied but the polymarket market is being disputed. Hmm. (suggested timeline for dealing with dispute is 2.5 days). I think this is because the polymarket market requires it to be actions of Iranian regime. This isn't mentioned here as a requirement here other than through linking the polymarket market.

Is this an issue? I doubt it: Iran warned that ships attempting to traverse the strait would be ‘set ablaze.’
https://www.latimes.com/world-nation/story/2026-03-07/irans-threat-to-burn-ships-is-choking-off-persian-gulf-oil-flow-to-world

I would say issuing the warning is an 'action'. Is disputer is trying to say action means something more substantial or that the closure is due to US and Israeli strikes or something else?

Perhaps mildly interesting to wonder whether the polymarket dispute could cause it to be determined that Strait of Hormuz is closed by something other than Iranian regime action, is that sufficient for this question to resolve yes rather than N/A?

Edited point (ii) to say “between market creation and before 11:59pm ET March 31st”, rather than just “before …”

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