U.S. crude oil surges above $87 as Iran tensions raise supply concerns

U.S. crude oil prices climbed above $87 per barrel, their highest level since July 24, after President Trump predicted an "Economic D-Day" for Iran. The comments intensified concern that geopolitical tensions could disrupt oil supplies, while elevated 10-year Treasury yields near 4.65% to 4.70% added to inflationary pressures. Prediction markets put the probability of crude oil reaching a new all-time high by December 31 at 14%, compared with 3% by September 30. Traders are weighing the Iran-related rhetoric alongside OPEC production levels and global demand. Market participants are also watching OPEC, Iran and the U.S. for production cuts or geopolitical escalations, as well as inflation data and Federal Reserve commentary. The report highlights live prediction-market analysis powered by Vera.

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U.S. crude oil surges above $87 as Iran tensions raise supply concerns - CoinPost Terminal