## Market Snapshot
Trump’s Hormuz Blockade Announcement market shows 21% YES on blockade lift by May 31, up from 18% a day ago. Strait of Hormuz Traffic by May market is at 5.8% YES, slightly up from 5% in the last 24 hours.
## Key Takeaways
– Trump’s statement appears to reinforce the current enforcement of the Hormuz blockade, suggesting a low likelihood of lifting by May 31. – Continued disruption in Strait of Hormuz traffic is suggested by the confirmation that no boats have passed, decreasing the probability of normalcy by month’s end. – The statement does not appear to influence Project Freedom restart dates, as it was not directly addressed in the announcement.
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