## Market Snapshot
The “Strait of Hormuz traffic returns to normal by end of May” market is currently priced at 5% YES, up from 4% in the last 24 hours. The “US-Iran nuclear deal by June 30” market is priced at 22% YES, slightly down from 23% a day ago.
## Key Takeaways
– Iran’s proposal appears to increase the likelihood of a diplomatic meeting between the US and Iran, suggesting potential progress in negotiations. – The market pricing for the Strait of Hormuz reopening indicates an increased probability of normalization in maritime traffic by the end of May. – A potential nuclear deal by June is supported by Iran’s proposal to transfer uranium to Russia, though market pricing suggests skepticism remains.
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