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CommoditiesMedium•5 April 2026•

1 min read

WTI Crude Eyes $180 as Trump Issues 10-Day Ultimatum to Iran

Key Facts

1WTI crude oil ended the week at $112.08, up over 104% from its lowest level this year.

2A poll on the prediction market Kalshi sees oil prices hitting $150 in 2026.

3President Trump issued a 10-day ultimatum to Iran, threatening strikes that would take the country back to the 'stone age'.

1 day ago

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Version History

3 additional sources confirmed this story

Version 21 day ago

What changed: Updated the story to include the macroeconomic consequences of high oil prices, specifically focusing on the two inflation reports due this week.

Version 11 day ago

What changed: Updated the oil price target from $150 to $180 and included information regarding high-yield energy stocks.

WTI crude oil closed the week at $112.08, driven by escalating geopolitical tensions following President Trump's 10-day ultimatum to Iran. As price projections reach the $180 per barrel mark, concerns are mounting regarding the broader macroeconomic consequences of this sharp rally. Current forecasts suggest an ominous outlook for inflation, with high energy costs expected to weigh heavily on upcoming economic data. Market participants are now closely watching two critical inflation reports due this week to clarify the extent of the economic impact. Meanwhile, momentum remains strong in the energy sector, with open interest on Hyperliquid reaching $575 million as investors seek high-yield hedges. The persistent threat of supply disruptions continues to drive risk premiums higher, complicating the global monetary policy landscape.