Strait Of Hormuz De Facto Closure

Polymarket assigns a 97% probability to a Strait of Hormuz closure by March 31 as maritime traffic plummets. Bloomberg Economics predicts oil prices could surge to $108 per barrel if the supply disruption is sustained.

Polymarket (8pm CT 3/6) reads 97% probability of closure by 3/31, as defined by the contract as an 80% reduction in 7 day moving average in traffic.

Source: Polymarket, accessed 3/6/2026 8pm CT.

Source: Bloomberg, 3/6/2026.

If the closure is sustained, then Bloomberg Economics predicts $108/bbl oil.

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