Our standing estimate
Seven outcomes that together make 100%. Our estimate, scored when it resolves.
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The US strikes Iran, no week below $3.50
26.7% · unlikely · confidence not registered
No US-Iran text; the US strikes Iranian territory, and every one of the 38 weekly prints is $3.50 or higher.
F-0242 · Open
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Standoff, no week below $3.50
22.2% · unlikely · confidence not registered
No US-Iran text and no US strike on Iranian territory; every one of the 38 weekly prints is $3.50 or higher.
F-0241 · Open
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A deal, and a winter week below $3.50
16% · very unlikely · confidence not registered
A US-Iran text is agreed, and the first weekly print below $3.50 is dated 12 Oct 2026 to 26 Apr 2027.
F-0237 · Open
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A deal, but no week below $3.50
15.6% · very unlikely · confidence not registered
A US-Iran text is agreed, and all 38 weekly prints are published and every one is $3.50 or higher.
F-0239 · Open
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A week below $3.50 without a deal
10.5% · very unlikely · confidence not registered
No US-Iran text is agreed, and at least one weekly print is below $3.50, whether or not the US strikes Iran.
F-0240 · Open
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A deal, but the first week below $3.50 comes in the summer season
8% · very unlikely · confidence not registered
A US-Iran text is agreed; no print before 3 May 2027 is below $3.50, but one dated 3 May to 28 Jun 2027 is.
F-0238 · Open
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All other outcomes
1% · almost no chance · confidence not registered
No print in the window is below $3.50, and at least one of the 38 weekly prints is not published by 15 Jul 2027.
F-0243 · Open
The situation when it was sealed (16 Oct 2026). The EIA's October outlook never reaches $3.50 before July 2027; its lowest month, February, sits 15.1 cents above the line.