Iran has reportedly attacked 10 ships in the Persian Gulf, escalating tensions near the Strait of Hormuz, a vital route for oil and natural gas shipments. Oil prices rose above $100 per barrel, Reuters reported, as market participants assessed the risk of supply disruptions and weaker maritime security. Activity in prediction markets tied to crude reaching new all-time highs by December 31 has increased, suggesting heightened expectations for continued volatility. Observers will focus on responses from OPEC and the International Energy Agency, as well as any diplomatic intervention or military escalation in the Middle East. Vera is promoting live prediction-market analysis related to the developments.