Kalshi traders don't see Strait of Hormuz traffic returning to normal until July

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Bettors on the prediction markets platform Kalshi don’t think the Strait of Hormuz will be open to normal traffic flows for months.

Odds that traffic will return to normal by June 1 fell below 50% on Wednesday, after the U.S. and Iran extended a ceasefire but neither side disclosed any new agreement regarding Iran opening the Strait of Hormuz or the U.S. ending its naval blockade of the passageway.

On Thursday, President Donald Trump threatened to “shoot and kill” any boat laying mines in the strait, while oil prices climbed higher with Brent crude

again above $100 per barrel.