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Will global oil prices increase by 10% due to G7 sanctions and Russian countermeasures by June 30, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Oil price indices from sources like Bloomberg or Reuters
Story
Kremlin Warns G7 Oil Sanctions Would Backfire, Threaten Global Energy Markets
Dec 20, 2024, 10:16 AM
The Kremlin has stated that it will take countermeasures against any new oil sanctions that might be imposed by the Group of Seven (G7) nations. Kremlin spokesman Dmitry Peskov warned that such sanctions would backfire on the countries implementing them and could lead to instability in global energy markets. Peskov emphasized that Russia would act to minimize any consequences and protect its companies, asserting that these measures would ultimately harm those who impose them.
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Similar markets
Increase by more than 10% • 25%
Increase by 5-10% • 25%
No significant change • 25%
Decrease • 25%
Increase significantly (above $80 per barrel) • 25%
Increase moderately ($70-$80 per barrel) • 25%
Remain stable ($65-$70 per barrel) • 25%
Decrease (below $65 per barrel) • 25%
Yes • 50%
No • 50%
Significant increase (>20%) • 25%
Moderate increase (10-20%) • 25%
No significant change • 25%
Decrease • 25%
Increase above $100/barrel • 25%
Remain between $80-$100/barrel • 25%
Decrease below $80/barrel • 25%
No significant change • 25%
Yes • 50%
No • 50%