Gate News reports that on March 7, Polymarket data shows the probability of “oil prices surpassing $100 in March” jumped from a low of 35% yesterday to 76%, with trading volume exceeding $10 million. Previously, JPMorgan stated that even a 3-4 week blockage of the Strait of Hormuz could force Gulf Cooperation Council member countries to shut down oil production and push Brent crude prices above $100 per barrel.
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