Middle East war triggers largest energy crisis in history: IEA

The International Energy Agency has labeled the war in the Middle East as the source of the largest energy crisis ever. The potential closure of the Strait of Hormuz is the main concern, with crude oil reaching an all-time high by April 30 priced at 0.9% YES.

The Crude Oil All Time High by April 30 market sits at 0.9% YES, down from 2% a day ago. The Crude Oil Price Predictions by End of June market is also active, with potential for a large price increase if the Strait remains blocked.

Trading volume on the all-time high market is $100,828 in face value, but real cash trades at just $2,513 a day. It takes $695 to move prices by five points, meaning the market is thin and vulnerable to sudden shifts. The largest single move in the past day was a 1-point spike early in the morning, suggesting speculative interest but not conviction.

If the Strait of Hormuz remains closed, crude could hit $90 by June, disrupting global energy supply chains. Traders can buy YES at 1¢ for a potential 100x return. This is a high-risk position that depends entirely on persistent geopolitical tensions.

Watch for official announcements from OPEC+ and any strategic moves by the U.S. government or Saudi Arabia. Updates from Prince Abdulaziz bin Salman and the EIA will matter most for assessing the likelihood of prolonged disruption.

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