US deploys Marine helicopter amid Strait of Hormuz blockade tensions

## Market Snapshot

Strait of Hormuz traffic normalization market is currently priced at 32.5% for a YES outcome by the end of June. This is a decrease from 36% the previous day, reflecting heightened tensions and reduced likelihood of normalization.

## Key Takeaways

– The recent U.S. Marine Corps helicopter deployment appears to underscore the seriousness of the ongoing blockade against Iranian ports. – Market pricing suggests a decreased likelihood of traffic normalization in the Strait of Hormuz by the end of June. – Activity and statements from key actors such as the U.S. Navy and Iranian authorities could further influence market expectations.

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