Oil Prices

Iran's Revolutionary Guard declares the Strait of Hormuz closed to maritime traffic, threatening 20 million barrels of daily oil shipments and triggering fears of a global energy crisis.

With the Strait of Hormuz under threat and oil prices poised to surge, American consumers face the prospect of $3+ gasoline and rising costs across the economy.

With commodity markets closed over the weekend, analysts project a $10-$20 oil price surge when trading resumes. Defense stocks positioned for gains while Polymarket sees $500M in Iran war bets.