CENTCOM redirects 85 vessels amid US-Iran tensions in Strait of Hormuz

## Market Snapshot

“Average Ships Transiting Strait of Hormuz by End of May” market shows 86% YES for 0-10 daily transits. “Strait of Hormuz Ship Transit” market currently holds a 46% YES probability for 20 ships transiting on any day by May 31.

## Key Takeaways

– The enforcement action by CENTCOM appears to suggest a reduction in shipping activity through the Strait of Hormuz. – Market pricing indicates participants view a significant reduction in average daily transits as likely. – The redirection of 85 vessels is consistent with a scenario of heightened U.S.-Iran tensions.

## Article Body