WTI holds above $74.00 as bears hesitate on US–Iran, Hormuz risks

The post US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 09, 2026 04:03 Early Thursday, the U.S. launched new airstrikes on Iran, and Iran fired missiles affecting Bahrain, Kuwait and Qatar, raising doubts about any interim deal and the status of the Hormuz ceasefire. US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% U.S. Airstrikes on Iran Push Polymarket Odds of Strait of Hormuz Normalizing by July 31 Down to 4.5% U.S. airstrikes on Iran and Tehran’s reported missile fire toward Bahrain, Kuwait and Qatar have sharpened concerns about security around the Strait of Hormuz, a key route for commercial shipping. On Polymarket, traders have sharply reduced the odds that Strait of Hormuz traffic returns to normal by July 31, pushing the contract’s Yes price down to 4.5%. Key Takeaways Polymarket prices a 95.5% chance of “No” on Strait of Hormuz traffic returnin

The post Gold struggles as Hormuz risks, Fed hike bets limit USD weakness appeared on BitcoinEthereumNews.com. Gold (XAU/USD) struggles to capitalize on the previous day’s bounce from the $4,020 area, or a one-week low, and oscillates in a narrow range during the Asian session on Thursday. The US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes and acts as a tailwind for the bullion. However, renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026. This helps limit the downside for the USD and continues to undermine the non-yielding yellow metal. The Minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided with regard to the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the e

The post US strikes on Iran hit Hormuz outlook as Polymarket Yes drops to 58.5% appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 09, 2026 02:03 On July 8, 2026, the United States launched new strikes on Iran during the seven-day funeral of Supreme Leader Ali Khamenei, citing attacks on commercial ships in the Strait of Hormuz. US strikes on Iran hit Hormuz outlook as Polymarket Yes drops to 58.5% U.S. Strikes Iran During Khamenei Funeral: Polymarket Odds Drop on Hormuz Traffic Normalization The U.S. launched new strikes on Iran despite President Donald Trump saying attacks would pause during the seven-day funeral of Iran’s Supreme Leader Ali Khamenei, citing responses to attacks on commercial ships in the Strait of Hormuz. On Polymarket, the contract “Strait of Hormuz traffic returns to normal by December 31?” was last priced at 58.5% for Yes, down from 85.5%. Key Takeaways Polymarket prices a 58.5% chance that Strait of Hormuz traffic returns to normal by Dece

The post US-Iran strikes hit Hormuz; Polymarket sees 4.5% chance of July traffic normal appeared on BitcoinEthereumNews.com. Alvin Lang Jul 08, 2026 22:03 Tuesday, US Central Command said it began strikes on Iran after Iranian attacks on three commercial vessels transiting the Strait of Hormuz, with Iran promising a “crushing response.” Polymarket US-Iran strikes hit Hormuz; Polymarket sees 4.5% chance of July traffic normal US Strikes on Iran Send Polymarket Odds Crashing for “Strait of Hormuz Traffic Returns to Normal by July 31?” The Strait of Hormuz remained under renewed security strain after the United States said it launched strikes on Iran in response to attacks on commercial vessels transiting the waterway. On Polymarket, the contract “Strait of Hormuz traffic returns to normal by July 31?” was priced at 4.5% for Yes, implying traders overwhelmingly expect disruptions to persist through the deadline. Key Takeaways Polymarket prices the leading outcome as No a

The post Trump NATO rebuke hits Hormuz normalcy bet as Polymarket Yes slips to 58% appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 08, 2026 20:03 On July 7, 2026, Donald Trump faulted NATO allies for not backing the U.S. during its conflict with Iran, questioning the alliance’s burden-sharing. Trump NATO rebuke hits Hormuz normalcy bet as Polymarket Yes slips to 58% Trump Slams NATO Allies as Polymarket Reprices Strait of Hormuz Normal-Traffic Odds to 58% U.S. President Donald Trump’s criticism of NATO allies over support during a conflict with Iran coincided with a sharp repricing in Polymarket’s “Strait of Hormuz traffic returns to normal by December 31?” contract. The market’s implied probability for a return to normal traffic fell to 58% from 85.5%. Key Takeaways Polymarket prices a 58% chance that Strait of Hormuz traffic returns to normal by Dec. 31, with No at 42%. Traders marked down the contract after Trump criticized several NATO allies for refusing

The post Trump scraps Iran MoU, oil jumps as Polymarket prices Hormuz normalcy at 0.85% appeared on BitcoinEthereumNews.com. Joerg Hiller Jul 08, 2026 16:13 U.S. President Donald Trump said the Iran memorandum to end the conflict was “over” and warned of additional strikes Wednesday night, sending oil up and stocks lower. Trump scraps Iran MoU, oil jumps as Polymarket prices Hormuz normalcy at 0.85% Trump Says Iran MoU Is “Over”: Polymarket Shifts to Near-Certain “No” on Strait of Hormuz Traffic Normalizing by July 15 Oil and broader markets swung after President Donald Trump said a memorandum of understanding with Iran to end the conflict was “over” and warned of additional U.S. strikes. On Polymarket, traders heavily favored “No” on the contract asking whether Strait of Hormuz traffic returns to normal by July 15. Key Takeaways Polymarket prices the “No” outcome at 99.15% and “Yes” at 0.85% for “Strait of Hormuz traffic returns to normal by July 15?”. Traders repric

The post Trump Kharg Island remarks hit Hormuz outlook as Polymarket Yes sinks to 4.5% appeared on BitcoinEthereumNews.com. Rongchai Wang Jul 08, 2026 14:20 A report said Donald Trump claimed the U.S. attacked Iran’s Kharg Island the previous night and floated reinstating a blockade of Iranian ports. Trump Kharg Island remarks hit Hormuz outlook as Polymarket Yes sinks to 4.5% Trump Cites Kharg Island Attack, Blockade Threat — Polymarket Shifts to “No” on Strait of Hormuz Normalization by July 3 Comments attributed to Donald Trump about a U.S. attack on Iran’s Kharg Island and a possible reinstatement of a blockade of Iranian ports are being reflected in Polymarket pricing on whether Strait of Hormuz traffic returns to normal by July 31. The contract’s odds have shifted sharply toward a “No” outcome as traders weigh renewed disruption risk. Key Takeaways Polymarket prices a 95.5% chance that Strait of Hormuz traffic does not return to normal by July 31, versus 4.5% fo

The post Tankers turn back after attacks, Polymarket sees 57.5% Hormuz normal by Dec 31 appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 08, 2026 12:23 On July 8, 2026, four oil and gas tankers reportedly reversed course after vessel attacks near the Strait of Hormuz, highlighting fresh security risk for energy shipping. Tankers turn back after attacks, Polymarket sees 57.5% Hormuz normal by Dec 31 Strait of Hormuz tanker turnbacks after vessel attacks send Polymarket “traffic returns to normal” odds sliding A report that four oil and gas tankers turned back from the Strait of Hormuz after vessel attacks has coincided with a sharp repricing in Polymarket’s “Strait of Hormuz traffic returns to normal by December 31?” contract. The market’s implied probability for a return to normal traffic has fallen to 57.5% from 85.5%. Key Takeaways Polymarket prices a 57.5% chance that Strait of Hormuz traffic returns to normal by Dec. 31, 2026. Traders marked the contract lo