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WTI is already above $90.99 amid severe Hormuz disruption, so an October-contract settlement above the threshold is likely.
The settlement-basis price is 92.0212, giving WTI a cushion of just over $1 above the threshold. The explicit October-contract settlement was also above $90.99 on September 4, while tanker attacks, exceptionally low Hormuz traffic, and tight fuel supplies support the disruption premium. Conflicting sub-$90 price reports, reduced expectations of near-term escalation, and a recent daily range spanning the threshold show that the cushion is fragile. The balance therefore supports an above-threshold settlement as likely.
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