Closure of di Strait of Hormuz don raise di chances say WTI Crude price go hit $110–$120

Prediction markets dey price say chances don high say WTI Crude go trade for higher levels for May 2026. “YES” probability for WTI Crude at $110 don rise to about 56% (from ~53%), while $120 level don climb to roughly 26% (from ~22%). Main driver na the closure of the Strait of Hormuz, wey connect to rising Iran–Israel tensions. The article talk say the chokepoint disruption fit block about 20% of global seaborne oil and gas trade, wey dey raise energy security risk. Because the duration of the disruption still uncertain, traders don factor in a sustained supply shock into WTI Crude expectations, with $110 as the current focal level and higher thresholds gaining traction. Wetin to watch next: any US–Iran negotiation developments wey fit reopen the Strait of Hormuz, plus changes in OPEC+ and updates to US Energy Information Administration (EIA) oil forecasts. Any extra military activity for the Persian Gulf fit quickly change the WTI Crude probability curve. For traders, this matter because higher WTI Crude upside odds normally strengthen broader risk sentiment and macro-driven volatility, wey fit spill into crypto through funding rates, FX, and liquidation dynamics—especially if the Strait of Hormuz outlook worsen further.