Tehran fuel queues grow amid fears of US military strikes

Videos shared by Iran International display significant queues of vehicles at gas stations across Tehran, a development attributed to fears of potential US military strikes. This comes amidst heightened tensions between the US and Iran, following recent US attacks on Iranian targets near Tehran and the Strait of Hormuz. The situation appears to have spurred anticipatory behavior among Tehran residents, concerned about possible fuel shortages as military activities escalate. The prediction markets reflect this heightened tension, with significant movements observed in markets related to the US announcing the end of the Iranian blockade. The current geopolitical climate suggests that market participants are increasingly viewing the potential for near-term resolution as unlikely. This is evidenced by the fluctuating odds, particularly in the short-term sub-markets for August 7 and August 15, which show a marked decrease in confidence towards a resolution. The ongoing US-Iran conflict, now in an active military phase, has evidently contributed to civilian anxiety and market volatility. The anticipation of further disruptions is mirrored in the prediction markets, where the likelihood o...