Escalating turmoil in the Middle East has pushed the U.S. national average price of gasoline to $4.09 per gallon, while Brent crude has climbed to around $87 a barrel. Prediction-market pricing puts the odds of crude setting a fresh all-time high this year at 5.8% by September 30 and 14.5% by December 31.
The ongoing turmoil in the Middle East has driven U.S. gasoline prices higher, with the national average now at $4.09 per gallon. The increase reflects heightened concern over supply disruptions as tensions continue.
Brent crude, the global oil benchmark, has also been pushed to around $87 a barrel by the same tensions.
However, analysts still expect the benchmark to average $85.22 a barrel in 2026, even as the current spike keeps talk of a fresh all-time high alive.
As a result, the geopolitical instability appears to be fueling anticipation of further price spikes, feeding predictions that crude oil could reach a new all-time high. Prediction-market pricing puts the odds of that outcome at 5.8% by September 30. That figure rises to 14.5% by December 31, leaving the later date more supportive of a yes outcome than the earlier one.
Source: Crypto Briefing
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