The probability of WTI crude oil falling to $95/barrel in November on Polymarket has risen to 88%, up 26% in 24 hours

PPP prediction market tool monitoring shows that the probability of WTI crude oil falling to $95/barrel in November on Polymarket has risen to 88%, up 26% in 24 hours.

According to a report by IRNA, Iranian President Pezeshkian stated today that the Supreme Leader has granted the government partial authority in negotiations. Affected by this news, international oil prices plunged while gold and silver prices surged sharply. The market views this as a signal that Iran's negotiating stance may become more flexible, and it could also enhance the government's ability to reach an agreement with the United States.

It should be noted that Iran's strategic decisions remain in the hands of the Supreme Leader, so any progress in negotiations requires the unanimous approval of both the Supreme Leader and the negotiating team. Iran has previously proposed a two-day framework plan to conditionally reopen the Strait of Hormuz, provided that Iran's demands are met, including lifting the blockade, releasing frozen funds, and easing sanctions.

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