I guess likely to close below $95 🙏
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🛢️ [Task coins giveaway] Hormuz Still Blocked — Where Will WTI Close by Month-End?
The US-Iran conflict is now in its 11th week. The Strait of Hormuz remains largely blocked, with ~10M barrels/day stuck in the waterway. WTI is currently around $99/barrel, swinging wildly between $89–$117 this month. Predict the closing range on May 30 and win 500 Task Coins!
📈 Bull case: If Hormuz stays shut, global inventories are draining at ~8.5M barrels/day. US gas prices have hit $4.62/gallon — fuel shortages could push WTI above $115.
📉 Bear case: Trump says negotiations are in the ” final stage.“ If a deal lands, oil could drop 10%+ in a single day. Saudi Arabia and the UAE have already opened alternative routes, ready to fill the gap.
🎁 500 Task Coins for correct picks!
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⏳ Voting ends Wednesday, May 27
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