Iran approves transit of 35 ships through Strait of Hormuz in 24 hours

## Market Snapshot

Strait of Hormuz Traffic in May is currently observing increased YES pricing, reflecting recent reports of 35 ships transiting the area. The Strait of Hormuz Ship Transit market is priced at 55% YES for 20 ships transiting on any day by May 31, up from 44% in the last 24 hours.

## Key Takeaways

– The report of 35 ships transiting the Strait of Hormuz appears to support the likelihood of meeting transit thresholds for the week of May 11, 2026. – Participants seem to interpret the news as supportive of a YES outcome in the Strait of Hormuz Ship Transit market, particularly for the May 31 sub-market. – The news does not appear to affect the May 2024 market, as it is specific to May 2026.

## Article Body