Market expectations for WTI crude oil prices have surged following Trump's announcement that the U.S. Navy will blockade the Strait of Hormuz, targeting vessels paying transit fees to Iran. On the prediction platform Polymarket, the likelihood of WTI crude closing above $115 per barrel this month has risen to 57%. The probabilities for prices exceeding $120, $130, and $150 per barrel stand at 40%, 23%, and 8%, respectively. WTI crude previously closed at $95.74 per barrel.