## Market Snapshot
The “Strait of Hormuz traffic returns to normal by end of May” market is currently priced at 16.6% for a YES outcome, up from 6% just 24 hours ago. Meanwhile, the “Will WTI Crude Oil (WTI) hit (HIGH) $150 in May?” market shows a 0.7% YES outcome, down from 1% 24 hours earlier.
## Key Takeaways
– Trump’s announcement of a peace agreement appears to significantly increase the likelihood of normal traffic resuming through the Strait of Hormuz. – The market pricing suggests a decrease in the probability of WTI Crude Oil prices hitting $150 in May, consistent with reduced geopolitical tensions. – Developments related to the Bab el-Mandeb Strait remain unaffected, as indicated by stable market pricing.
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