## Market Snapshot
In the “Average Ships Transiting Strait of Hormuz by End of May” market, the price for YES on whether between 0 and 10 average daily transits will occur is currently at 84.5%, showing a rise from 68% a week ago. The “Trump’s Hormuz Blockade Announcement” market is priced at 20.5% YES, a slight increase from 16% in the last 24 hours.
## Key Takeaways
– Recent CENTCOM actions appear to support a reduction in the likelihood of increased ship transits through the Strait of Hormuz. – Market pricing suggests participants view the blockade’s continuation as more likely, with a decreased chance of Trump announcing its lift. – The enforcement measures are consistent with scenarios where average daily transits remain below 10.
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