Recent short-term forecasts from agencies and models project Jeddah's August 7 high near 37–39 °C, aligning with the market's tight clustering around 38 °C (30%) and 39 °C (26%). Jeddah's Red Sea coastal location sustains high humidity and overnight lows near 30 °C, limiting nocturnal cooling while daytime sea breezes and subsidence patterns typically cap extremes below 40 °C in early August. Current model consensus shows minimal deviation from the 38 °C climatological average, with only modest day-to-day variability from steering winds or cloud cover. Updated numerical guidance and official Saudi observations on the day itself will determine the precise maximum, explaining why traders assign the highest implied probabilities to outcomes within 1 °C of recent runs.