Iran ceasefire eases oil supply fears, Strait of Hormuz reopens
A ceasefire in Iran has alleviated concerns over oil supply disruptions, leading to the reopening of the Strait of Hormuz. Market reactions indicate a significant increase in the likelihood of crude oil prices reaching an all-time high by the end of April 2026. Traders are anticipating further volatility in oil prices despite the easing of immediate supply fears.
- ▪The ceasefire in Iran has eased immediate supply fears related to the US-Iran conflict.
- ▪Market reactions showed a sharp increase in the likelihood of crude oil prices hitting an all-time high by April 30, 2026.
- ▪Traders are pricing in extreme volatility in the oil market, indicating expectations of potential price spikes before the end of the month.
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Iran ceasefire eases oil supply fears, Strait of Hormuz reopens WTI Crude Oil Price in April 2026 Share Add us on Google by Estefano Gomez Apr. 28, 2026 The Polymarket contract for crude oil hitting an all-time high by April 30 jumped from 2% to 2% YES in a single day, even as a ceasefire and the reopening of the Strait of Hormuz eased immediate supply fears from the US-Iran conflict. Market reaction The crude oil all-time high market is priced at 2% YES. The largest move was a 1-point spike at 5:31 AM, showing the contract still reacts sharply to geopolitical news. The WTI Crude Oil price in April 2026 markets are still pricing in the ceasefire’s effects, though current odds for that contract are not available.
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