Market odds for $75 WTI crude climb as Strait of Hormuz blockade eases
· flowframe Pulse
The probability of WTI crude hitting a $75 low this month ticks up following the April 17 announcement by Iranian Foreign Minister Abbas Araghchi that the Strait of Hormuz has reopened to commercial traffic. This diplomatic shift, coupled with optimistic comments from President Trump regarding a potential peace deal, has led traders to price in a continued retracement from recent supply-driven highs.
27¢ → 31¢ • Vol: $0.6M