## Market Snapshot

The market for “Will Trump restart Project Freedom by May 31?” shows a 37.5% YES, down from 40% 24 hours ago. The “Strait of Hormuz Ship Transit” market has seen a decrease to 47.5% YES from 56% in the same period, suggesting a decline in the likelihood of 20 ships transiting the strait on any day by May 31.

## Key Takeaways

– The active interdiction by US forces suggests a sustained high-intensity blockade, impacting ship transit expectations. – Market pricing indicates an increased likelihood of Project Freedom’s restart due to intensified military operations in the Strait of Hormuz. – The reduction in ship transits aligns with expectations of continued disruptions in the Strait of Hormuz.

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