US oil prices rise above $97 amid stalled US-Iran peace talks

US oil prices have climbed past $97 per barrel amid stalling US-Iran peace talks. The prediction market for WTI Crude Oil hitting $160 by April 2026 sits at 0.4% YES, down from 1% last week.

The stalled negotiations have kept pressure on oil prices, but the market for WTI at $160 by April is barely alive at 0.4% YES. With just 6 days left, traders are unconvinced prices will spike that far. Combined 24-hour volume is $506 in actual USDC, a number that speaks for itself.

The term structure shows consistent doubt. All sub-markets for April 2026 WTI trades are priced at 0.4% YES, unchanged despite the headlines about stalled talks. The cost to move the market 5 percentage points is $1,632, which means a thin order book that a single larger trade could push around.

The stalled talks have kept the market cautious but haven’t changed the basic math: WTI would need to nearly double from $97 to $160 in under a week. Buying YES at 0.4¢ would pay $1 if that happens, a 250x return. But traders would need a credible reason to believe in a move of that magnitude on that timeline.

Watch for statements from President Trump or OPEC+ members. Any shift in sanctions policy, military posture, or production commitments could change supply expectations quickly.

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