Short Answer

Both the model and the market expect Brent crude oil price to be above $74.99 on June 30, 2026, with no compelling evidence of mispricing.

1. Market Behavior & Drivers

This prediction market has exhibited a distinct downward trend, moving from a high of 98% to its current price of 59%. The price action has been characterized by high volatility, driven by geopolitical news. The most significant movement was a 26 percentage point drop on June 22, which is attributed to news of U.S.-Iran negotiations that signaled easing supply risks. This followed a 14-point spike on June 19 after those same talks were reportedly postponed. Earlier, on June 16, the market saw a 9-point drop based on reports of an interim peace agreement that was expected to increase global oil supply.
The recent, sharp price declines have been accompanied by a significant surge in trading volume, indicating strong conviction among market participants for the downward move. The price appears to be finding a new support level around the 58-59% mark after breaking through previous support in the 70-80% range. Overall, the chart suggests a major shift in market sentiment. Initial confidence that the price of Brent crude would resolve above the contract's threshold has eroded substantially. The market now reflects a much more bearish outlook, pricing in a decreased likelihood of higher oil prices as the contract's resolution date approaches.
  • Since last update (~11d): The model's probability for "above $78.99" dropped -62.5pp, causing the edge to flip (model_led).
  • Model probability for "above $80.99" declined -70.5pp, the largest drop, widening the edge (model_led).
  • Headline model probability for "above $74.99" dropped -34.8pp; the overall edge shifted -6.8pp.
  • US-Iran diplomatic progress de-escalated Strait of Hormuz tensions.
  • This de-escalation led to increased institutional short positions.
  • De-escalation in Hormuz undermines prior bullish Brent price forecasts.
  • US-Iran talks included a 60-day roadmap toward a potential deal.
  • Institutional investors significantly reduced Brent crude length in Q2 2026.
  • Potential Iranian oil supply restoration could influence future prices.

Current Context

Prediction markets are actively trading Brent crude oil contracts. As of June 22, 2026, prediction markets such as Kalshi and Robinhood are facilitating contracts based on the Brent crude oil closing price on June 30, 2026, at 5:00 PM EDT [1][2]. The target date of June 30, 2026, is in the near future [3][4]. Currently, Brent crude oil prices are experiencing downward pressure, primarily attributed to de-escalating tensions between the United States and Iran, along with renewed diplomatic efforts concerning the Strait of Hormuz [5][6][7][8].
Brent crude oil prices have recently experienced downward pressure. As of June 22, 2026, Brent crude oil has been trading around $79 per barrel [8]. Recent market reports indicated Brent crude falling below $81 to $80.36 [9], with other figures showing it at $81.39 a barrel [10] and $82.85, representing a drop of more than 5% [11]. Both Brent and WTI crude were observed to be down more than 3% [12][13], with the slide in oil continuing and heading for its longest losing streak [10]. Analysts caution that while diplomatic developments are easing supply risks and contributing to the decline, the fundamental impact on prices could be short-term [5][6][7][8][14][11]. Brent crude is considered a primary global crude oil index, which previously reached a high of $126 per barrel [14].
Data limitations exist for precise 5:00 PM EDT intraday prices. The Energy Information Administration (EIA) provides Brent spot price series as daily closing or averaged spot prices [15]. Similarly, the EIA’s NYMEX futures table states official daily closing prices at 2:30 PM NYMEX [16]. These available sources do not directly provide intraday prices for the specific 5:00 PM EDT timestamp on June 30, 2026 [15][16].
Sources (16)
  1. 1Brent crude oil price on June 30, 2026 at 5:00 PM EDT? - Kalshikalshi.com
  2. 2Brent crude oil price on June 30, 2026 at 5:00 PM EDT - Robinhoodrobinhood.com
  3. 3June 30, 2026 - What Day of the Week - Calculatiocalculat.io
  4. 4How long until June 30, 2026? - HowLongAgoGohowlongagogo.com
  5. 5Brent: Talks ease supply risk – Deutsche Bankfxstreet.com
  6. 6Oil eases as US and Iran agree 60-day roadmap in Switzerlandfxstreet.com
  7. 7Oil falls after US-Iran talks signal easing supply risks - CNAchannelnewsasia.com
  8. 8Brent crude drops to $79: Oil markets mixed as Iran, Israel announce halt of offensive, easing war fearsgulfnews.com
  9. 9US and Iran Prepare for Deal Signing, SpaceX Soars | Bloomberg Surveillanceyoutube.com
  10. 10US at Odds With Allies Over Hormuz, G7 Summit in France Begins | Bloomberg Daybreak: US Editionyoutube.com
  11. 11US, Iran Halt War; Global Stocks Surge on Deal | Bloomberg Daybreak: US Editionyoutube.com
  12. 12The Money Show: SpaceX Market Impact and Solving Social Security | Bloomberg Surveillanceyoutube.com
  13. 13The Money Show: SpaceX Market Impact and Solving Social Security | Bloomberg Intelligenceyoutube.com
  14. 14JUST RECORDED - Vice President JD Vance: They Tricked Me About Trump, I Was Wrong!youtube.com
  15. 15Spot Prices for Crude Oil and Petroleum Productseia.gov
  16. 16NYMEX Futures Prices (Futures prices after April 5, 2024, are not available)eia.gov

2. Price Chart

Historical Price (Probability)

Outcome probability
Date

3. Significant Price Movements

Notable price changes detected in the chart, along with research into what caused each movement.

Outcome: above $78.99

📉 June 22, 2026: 35.0pp drop

Price decreased from 74.0% to 39.0%

What happened: The primary driver of the 35.0 percentage point drop was traditional news concerning US-Iran negotiations, which signaled an easing of supply risks, specifically regarding normalized trade flows through the Strait of Hormuz [1][2]. These developments prompted institutions like Citi to revise Brent crude forecasts downward for the latter half of 2026, coinciding with Brent crude trading near the $78.99 target price on June 22, 2026 [3][4][2]. Bloomberg reports explicitly covered how these negotiations caused oil markets to fall, with Brent crude dropping significantly [5][6]. No social media activity from key figures was identified in the provided research, indicating it was irrelevant to this particular market movement.

Outcome: above $80.99

📈 June 20, 2026: 9.0pp spike

Price increased from 47.0% to 56.0%

What happened: The primary driver of the 9.0 percentage point spike on June 20, 2026, was the announcement that Iran renewed the closure of the Strait of Hormuz, citing Lebanon ceasefire violations [7]. This geopolitical development, which followed the cancellation of U.S.-Iran peace talks, directly prompted concerns over future oil supply disruptions and served as a key catalyst for upward price pressure on Brent crude [7]. This traditional news announcement coincided directly with the prediction market's movement [7]. Social media activity was not a primary driver, as no relevant posts or narratives from key figures were identified in the research.

📉 June 16, 2026: 22.0pp drop

Price decreased from 60.0% to 38.0%

What happened: The primary driver of the prediction market price drop was a reported interim U.S.-Iran peace agreement on June 16, 2026 [8][9]. This agreement was expected to increase global oil supply by allowing Iran to resume exports, causing Brent crude oil prices to fall significantly below $80 per barrel for the first time since March [8][10]. This traditional news, initially reported by Bloomberg, directly triggered the downturn in oil prices [8][5]. Based on the available research, social media activity was irrelevant to this price movement.

📉 June 14, 2026: 17.0pp drop

Price decreased from 80.0% to 63.0%

What happened: The primary driver for the 17.0 percentage point drop was the announcement of a U.S.-Iran framework deal on June 14, 2026, aimed at ending hostilities and reopening the Strait of Hormuz [11][12][13][14]. This significant geopolitical development caused global oil prices to fall sharply that day, with Brent crude dropping over 5% to approximately $82.84 per barrel, as markets anticipated a potential supply increase from returning Iranian oil and reduced geopolitical risk [11][12][13][14][6]. This decline made the "above $80.99" outcome significantly less probable. Social media activity was not a primary driver, contributing accelerant, or significant factor in this price movement based on the provided research.

Outcome: above $74.99

📈 June 19, 2026: 14.0pp spike

Price increased from 70.0% to 84.0%

What happened: The primary driver of the 14.0 percentage point spike on June 19, 2026, was the abrupt postponement of U.S.-Iran peace talks in Geneva [15]. This development, reported by traditional news outlets, caused oil prices to rise due to increased uncertainty regarding potential disruptions in the Strait of Hormuz, despite a broader weekly downtrend in prices driven by other peace efforts [15][16]. Social media activity was not identified as a primary driver or contributing accelerant based on the provided information.
Sources (16)
  1. 1Oil falls after US-Iran talks signal easing supply risks - CNAchannelnewsasia.com
  2. 2Citi cuts Brent forecasts as U.S.-Iran MoU points to Strait of Hormuz flow normalization | MarketScreener Saudi Arabiasa.marketscreener.com
  3. 3Brent Oil Futures Historical Prices - Investing.cominvesting.com
  4. 4Brent Crude Oil Price Today: $79.25 -1.66% (June 22, 2026)convextrade.com
  5. 5US and Iran Prepare for Deal Signing, SpaceX Soars | Bloomberg Surveillanceyoutube.com
  6. 6US, Iran Halt War; Global Stocks Surge on Deal | Bloomberg Daybreak: US Editionyoutube.com
  7. 7Iran closes Strait of Hormuz again, citing Lebanon ceasefire violationsworldoil.com
  8. 8Brent falls below $80 per barrel on report U.S. will allow Iran... - CNBCcnbc.com
  9. 9Oil drops nearly 3% to 3-month low as markets weigh US-Iran peace deal - The Business Timesbusinesstimes.com.sg
  10. 10Brent Crude Oil is down by 5.02%tradingeconomics.com
  11. 11Crude's 80.25 Low Signals a De-risking Trade, Not a Safe Bottomainvest.com
  12. 12WTI and Brent Crude Oil Prices Slide Toward $80 as Iran Deal and Fed Outlook Shift Market Sentiment - Forex News by FX Leadersfxleaders.com
  13. 13Oil prices fall and shares jump after US-Iran deal announcedbbc.com
  14. 14Oil prices drop to cheapest level since early days of Middle East conflict | WYSOwyso.org
  15. 15Oil rises after U.S.-Iran peace talks in Geneva are abruptly postponedcnbc.com
  16. 16Oil prices post sharp weekly losses on US-Iran deal and Israel-Lebanon ceasefire | The Nationalthenationalnews.com

4. Market Data

Contract Snapshot

This market resolves to YES if the close price of the Brent crude oil (BRENTU6 contract) 1-minute candlestick at 5:00 PM EDT on June 30, 2026, is above $76.99 USD/Bbl, and NO if it is $76.99 USD/Bbl or lower, as verified by Pyth. The market closes on June 30, 2026, at 5:00 PM EDT, with a projected payout at 6:00 PM EDT. Settlement is based on the nearest listed contract month, which rolls 5 business days before the current contract's last trading day, with values rounded to two decimal places. If data is unavailable, the most recently published data will be used.

Market Discussion

Traders are debating the future price of Brent crude oil, with one expressing surprise that the odds for the price to exceed $94.99 by June 30, 2026, are currently so low, implying a belief in higher prices. A key insight highlighted is that the market's settlement is based on the September Brent contract, rather than the immediate June contract, serving as a warning to participants about this technical detail. There is no clear consensus on the price direction, but a notable technical clarification has been offered.

5. How might developments in US-Iran diplomatic relations before June 30, 2026, influence OPEC+ production quotas?

Potential deal roadmapWithin 60 days [1][2][3][4]
Current Brent crude price (June 22, 2026)$78.55/bbl [5][6]
EIA forecast (restricted Strait of Hormuz)Near $105/bbl [5][7]
US-Iran diplomacy significantly impacts OPEC+ quotas and global supply routes. Active diplomatic relations between the US and Iran are currently influencing OPEC+ production decisions, particularly in relation to de-escalation efforts in the Strait of Hormuz, which is critical for global supply route stability [1][3][8][9][10][11][12]. As of June 22, 2026, ongoing high-level discussions in Switzerland have established a framework for a potential final agreement within 60 days, focusing on de-escalation in both Lebanon and the Strait of Hormuz [1][2][3][4]. Iranian official Araghchi has asserted that oil waivers and asset releases were secured during these talks, although conflicting reports exist [1][13]. Despite diplomatic progress, the ceasefire between the US and Iran appears tenuous, marked by recent US strikes on Iranian vessels, and Israel has declared it is not bound by any potential US-Iran accord [14][15].
OPEC+ adjusts quotas; market anticipates price shifts based on Strait stability. OPEC+ maintains the flexibility to modify its production quotas in response to evolving market conditions and the stability of crucial supply routes [8][9][10][11][12]. The group has implemented incremental and symbolic production quota increases, including approximately 188,000 barrels per day (bpd) in June, and has approved a fourth oil output quota hike since the closure of the Strait of Hormuz [8][9][10][11][12]. Market participants expect that diplomatic advancements leading to normalized supply could result in declines in Brent crude prices, which were trading around $78.55 per barrel as of June 22, 2026 [5][6]. Conversely, the U.S. Energy Information Administration (EIA) forecasts that prices could escalate to nearly $105 per barrel if restrictions persist in the Strait of Hormuz [5][7].
Sources (15)
  1. 1US-Iran talks and MoU explained: What happened and what’s next? | The Nationalthenationalnews.com
  2. 2Vance says Iran nuclear talks to start this week after 'good progress' in opening negotiations | The Nationalthenationalnews.com
  3. 3US-Iran talks continue amid Hormuz closure and Trump threats | The Straits Timesstraitstimes.com
  4. 4US and Iran conclude high-level talks in Switzerland, mediators sayrappler.com
  5. 5Short-Term Energy Outlook - EIAeia.gov
  6. 6Brent crude oil - Price - Chart - Historical Data - Newstradingeconomics.com
  7. 7Invest in Brent crude up to $107 - 10.06.2026 07:21 +03:00 (MSK)marketcheese.com
  8. 8Press Releases - OPEC.orgopec.org
  9. 9Opec+ producers agree to raise output from June in first move since UAE exit | The Nationalthenationalnews.com
  10. 10OPEC+ approves fourth oil output quota hike since Hormuz closurereuters.com
  11. 11OPEC+ announces symbolic oil output rise during Strait of Hormuz...aljazeera.com
  12. 12OPEC+ Agrees Another Symbolic Quota Increase for July - Bloombergbloomberg.com
  13. 13Araghchi claims oil waivers, asset releases secured in US-Iran talks | Iran Internationaliranintl.com
  14. 14US Strikes Targets in Iran; Russia Tells US to Evacuate Kyiv | Bloomberg Daybreak: US Editionyoutube.com
  15. 15US, Iran Halt War; Global Stocks Surge on Deal | Bloomberg Daybreak: US Editionyoutube.com

6. What are the latest H1 2026 Brent crude price forecasts from the EIA, Goldman Sachs, and J.P. Morgan?

EIA June 2026 Brent Forecast~$105/b [1][2][3][4]
J.P. Morgan 2Q26 Brent Forecast$103/b [5][6][7]
EIA 4Q26 Brent Forecast~$89/b [1][2][3][4]
Forecasts for H1 2026 Brent crude prices indicate an elevated average. The U.S. Energy Information Administration (EIA) projects Brent crude oil to average approximately $105 per barrel for June and July 2026, attributing this to the closure of the Strait of Hormuz [1][2][3][4]. Concurrently, J.P. Morgan anticipated Brent crude averaging $103 per barrel for the second quarter of 2026, forecasting persistent market tightness even with a potential reopening of the Strait of Hormuz [5][6][7].
Later in 2026, Brent crude price forecasts show a notable decline. The EIA expects Brent crude to decrease to an average of $89 per barrel by the fourth quarter of 2026 [1][2][3][4]. J.P. Morgan’s full-year 2026 projection is an average of $96 per barrel, with specific quarterly averages of $104 per barrel for the third quarter and $98 per barrel for the fourth quarter [5][6][7]. While Goldman Sachs revised its Brent crude forecast to an average of $80 per barrel for the fourth quarter of 2026, the available information does not include a specific H1 2026 forecast from them [8][9][10][11]. Benchmark Brent oil was trading at approximately $76 per barrel on June 18, 2026 [10].
Sources (11)
  1. 1Short-Term Energy Outlook: Global oil markets - EIAeia.gov
  2. 2Short-Term Energy Outlook - EIAeia.gov
  3. 3Short-Term Energy Outlookeia.gov
  4. 4Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)eia.gov
  5. 5Crude Oil Price Forecast | Strait Of Hormuz Closure - Capital.comcapital.com
  6. 6JP Morgan Sees Brent Staying in Low $100s Even if Hormuz Reopens in June - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.comenergynow.com
  7. 7JPM: Brent $100+ to 2026 on Persistent Tightnessoilmarketcap.com
  8. 8Goldman cuts Brent forecast to $80 for 2026, $75 for 2027 on...investinglive.com
  9. 9Major Wall Street Banks Cut Oil-Price Forecasts on Faster Gulf Supply Recovery -- Update | MarketScreener Hong Konghk.marketscreener.com
  10. 10Why Oil Prices Could ‘Grind Lower’ Amid the US-Iran Deal | Goldman Sachsgoldmansachs.com
  11. 11Where will oil prices go after the Hormuz reopening deal? Goldman Sachs sees Brent at $80 - BusinessTodaybusinesstoday.in

7. How has the Brent-WTI spread behaved in H1 2026, and what are the key drivers affecting their price divergence?

Brent-WTI Spread Peak (March 2026)$25/b (March 31, 2026) [1]
Brent-WTI Spread (June 2026)$2.46 (June 8, 2026) [2]
Cushing Storage Proximity to FloorWithin 2 million barrels [3]
The Brent-WTI spread significantly widened in early 2026 due to distinct factors. During the first half of 2026, the Brent-WTI crude oil spread experienced a considerable increase, starting the quarter at approximately $4 per barrel. This spread peaked at $25 per barrel on March 31, averaging $11 per barrel for the entire month of March [1]. This widening was primarily driven by elevated shipping costs and reduced oil flows near the Strait of Hormuz, which supported Brent prices. Simultaneously, robust US inventories and potential releases from the Strategic Petroleum Reserve limited upward pressure on WTI prices [1].
The Brent-WTI spread narrowed significantly later in the period. Following its peak, the spread began to contract notably, decreasing from $15.60 per barrel on April 30 to $2.46 per barrel by June 8, 2026 [2]. By mid-June, physical inventory dynamics became a key determinant of the differential. Specifically, storage levels at Cushing, Oklahoma, were reported to be within approximately 2 million barrels of their operational floor, contributing to a tightening of the WTI hub and impacting the Brent-WTI price relationship [3].
Sources (3)
  1. 1Crude oil and petroleum product prices increased sharply in... - EIAeia.gov
  2. 2Brent WTI Spread (Market Daily) - Historical Data & Trendsycharts.com
  3. 3Cushing crude stocks sit less than 2 mmbbls aboveglobenewswire.com

8. Which public data sources provide historical intraday Brent crude prices that can be used to model the 5:00 PM EDT settlement price?

Free intraday data availabilityLimited for modeling purposes [1][2][3][4][5]
High-resolution data accessRequires paid subscriptions [1][2][3][4][5]
ICE Brent settlement window19:28:00 to 19:30:00 London time [6][7][8]
Publicly available, free historical intraday Brent Crude data is limited. This scarcity makes it challenging for modeling purposes, particularly for high-resolution data such as 1-minute bars [1][2][3][4][5]. To access reliable historical intraday data, specialized financial data providers typically require paid subscriptions. Examples of such providers include FirstRate Data, offering historical intraday Brent Last Day Financial Futures (NYMEX) (BZ) Data; PortaraCQG, which provides historical Crude Oil (Combined) Intraday data; and OilPriceAPI, with its Futures Historical Data API for OHLC Data [1][4][5].
The official ICE Brent Crude futures settlement price is precisely defined. It is not determined at 5:00 PM EDT, but rather calculated as the weighted average price of trades occurring within a specific two-minute settlement window from 19:28:00 to 19:30:00 London time [6][7][8]. Therefore, models aiming to predict a settlement price must align with this specific settlement window definition [8][9]. While free historical daily Brent price data is widely available from sources like the U.S. Energy Information Administration (EIA), this aggregated data is generally insufficient for accurately modeling intraday settlement windows [10][11].
Sources (11)
  1. 1Download Historical Intraday Brent Last Day Financial Futures (NYMEX) (BZ) Data (15 Years Data)firstratedata.com
  2. 2Crude Oil WTI Jul '26 Futures Historical Data - Barchart.combarchart.com
  3. 3Historical Crude Oil (Settlement) Daily dataportaracqg.com
  4. 4Futures Historical Data API | OHLC Data | OilPriceAPIoilpriceapi.com
  5. 5Historical Crude Oil (Combined) Intraday dataportaracqg.com
  6. 6Brent Crude Futuresice.com
  7. 7Brent: The global benchmark for navigating crude oil marketsice.com
  8. 8Contract Specifications: ICE Brent Crude Futures and Options Contractice.com
  9. 9Contract Expiry Timesice.com
  10. 10Europe Brent Spot Price FOB (Dollars per Barrel) - EIAeia.gov
  11. 11Brent and WTI Spot Pricesdatahub.io

9. How has institutional positioning in Brent crude futures evolved in Q2 2026, according to CFTC Commitment of Traders data?

Managed Money net long positionsroughly +9,300 contracts (mid-June 2026) [1][2]
Outright fund short positionsHighest since December 2025 (week of June 16, 2026) [1]
Fund length declineOver 21% since late April 2026 [1][2]
Institutional investors significantly reduced Brent crude length in Q2 2026. Institutional positioning in Brent crude futures experienced a notable shift in mid-Q2 2026, as funds increased their short positions [1]. By mid-June 2026, Managed Money net long positions were approximately +9,300 contracts, reflecting a significant decline in overall fund length since late April 2026 [1][2].
Outright fund shorts reached multi-month highs amidst market uncertainty. In mid-Q2 2026, outright fund shorts reached their highest level since December 2025 by the week of June 16, 2026, with fund length declining by over 21% since late April 2026 [1][2]. Market sentiment for Brent crude during this period was characterized as 'middle of the road' or a 'flip zone' [1][2]. These shifts occurred alongside Q2 2026 oil market dynamics influenced by disruptions in the Strait of Hormuz and a US-Iran Memorandum of Understanding in June 2026, which led to a notable price pullback from late March peaks [2][3].
Sources (3)
  1. 1Flux Markets | CFTC Weekly: Funds Sell Brentflux.live
  2. 2Oil COT Positioning, the Hormuz MOU & a 43-Year-Low SPR (June 2026) | COTInsightcotinsight.com
  3. 3Oil Market Report - June 2026 – Analysis - IEAstatic.poder360.com.br

10. What Could Change the Odds

Key Catalysts

Brent crude futures are trading near $79.27–$79.40 per barrel following progress in US–Iran talks in Switzerland, which included a 60-day roadmap toward a potential final deal and mechanisms to safeguard shipping through the Strait of Hormuz [1][2]. Key catalysts influencing the price through June 30, 2026, include the status of the Strait of Hormuz, the stability of the U.S.-Iran peace talks, and the potential for Iranian oil supply restoration [3].
Bullish catalysts include the need for global inventory rebuilding following significant supply losses during the conflict and potential delays in restoring normal shipping operations [4][5]. Conversely, bearish catalysts include the easing of geopolitical tensions, a global economic slowdown, and weakening oil consumption in China [4]. The demand for strategic reserve replenishment by major importers is also a key catalyst [3].
The EIA's June 2026 Short-Term Energy Outlook projects Brent prices to average $95/bbl in June and July due to lingering supply disruption effects, before declining later in the year as Strait of Hormuz flows incrementally resume and global inventory builds pressure prices downward [6][3][7][8].

Key Dates & Catalysts

  • Strike Date: June 30, 2026
  • Expiration: July 07, 2026
  • Closes: June 30, 2026
Sources (8)
  1. 1Oil eases as US and Iran agree 60-day roadmap in Switzerlandfxstreet.com
  2. 2Brent: Talks ease supply risk – Deutsche Bankfxstreet.com
  3. 3Short-Term Energy Outlook - EIAeia.gov
  4. 4Oil Price Forecast for 2026 | J.P. Morgan Global Researchjpmorgan.com
  5. 5Supply restocking may support crude above pre-conflict levels: CIMB Securities | New Straits Timesnst.com.my
  6. 6Oil Forecast and Price Predictions H2 2026: Prices are expected to moderate | MarketScreenermarketscreener.com
  7. 7Oil Market Report - June 2026 – Analysis - IEAiea.org
  8. 8Short-Term Energy Outlookeia.gov

12. Related News

-25.0pp
Last updated: June 22, 2026, 14:22 UTC

Brent Crude Bets Fall as US-Iran Talks Signal Easing Supply Risks

Reports of significant progress in U.S.-Iran negotiations on Monday, June 22, 2026, triggered a sharp, bearish repricing in prediction markets for the future price of Brent crude oil. The move suggest...
-21.0pp
Last updated: June 22, 2026, 14:22 UTC

Traders Fade Brent Crude Spike After Hormuz Closure, Market Odds Dip

Iran's closure of the Strait of Hormuz on Thursday, June 11, 2026, triggered a sharp rally in spot oil markets, but traders in prediction markets are betting the spike will not last. Despite Brent cru...

13. Historical Resolutions

Historical Resolutions: 20 markets in this series

Outcomes: 2 resolved YES, 18 resolved NO

Recent resolutions:

  • KXBRENTMON-26MAY2917-T98.99: NO (May 29, 2026)
  • KXBRENTMON-26MAY2917-T96.99: NO (May 29, 2026)
  • KXBRENTMON-26MAY2917-T94.99: NO (May 29, 2026)
  • KXBRENTMON-26MAY2917-T92.99: NO (May 29, 2026)
  • KXBRENTMON-26MAY2917-T90.99: YES (May 29, 2026)