Brent crude slides 12.5% as US‑Iran tension risk remains high
Brent fell to about $98 a barrel, but former Biden adviser Amos Hochstein warns that the odds of renewed US‑Iran conflict are still above 50%.

Data: Polymarket, updated every minute. · Ends Jan 1, 2027
This market will resolve to "Yes" if Houthi military forces enter any part of the Kingdom of Saudi Arabia by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
"Houthi military forces" refers to the military forces of the Houthi movement (Ansar Allah), including any armed force operating under its direction or on its behalf.
"Enter" means that the Houthi military forces, even temporarily, deliberately operate within any part of Saudi Arabia, other than as prisoners of war or as emissaries as described below. Bombardment, sabotage, naval presence offshore, or temporary disruption of activity will not qualify on their own. An announcement, threat, or claim of Houthi entry will not qualify without actual entry being established.
The entrance of Houthi emissaries for the purpose of negotiating an agreement or other diplomatic or commercial endeavors will not alone qualify.
In the event of genuine ambiguity, this market may remain open for three days after the specified date. If Houthi entry into Saudi Arabia is not established by the end of the third calendar day, 11:59 PM ET, this market will resolve to "No".
The resolution source for this market will be a consensus of credible reporting.
Brent fell to about $98 a barrel, but former Biden adviser Amos Hochstein warns that the odds of renewed US‑Iran conflict are still above 50%.
The U.S. Treasury added eight Canadian firms to its sanctions list, accusing them of facilitating crypto trades for Iran‑linked entities and the IRGC.
It is the latest price of the Yes outcome. Traders pay that share of a dollar for a contract that pays $1 if the event happens, so the price reads as the market's estimate of the chance.
The market resolves by the rules below. Polymarket uses the UMA optimistic oracle: anyone can propose the outcome and dispute it during a challenge period.
Yes, where Polymarket is available. You connect your own wallet; the bet goes to Polymarket and the money never passes through COINMAG. A COINMAG fee of 1% is added to each bet.