## Market Snapshot
The “Strait of Hormuz traffic returns to normal by July 31” market is currently priced at 62% YES, down from 68% yesterday. The “average daily transits of the Strait of Hormuz by May 31” market shows a range of prices, with the 0-10 transits sub-market at 71% YES.
## Key Takeaways
– The reported tanker explosion near Oman suggests increased regional instability, impacting the Strait of Hormuz markets. – Current pricing in the “traffic normal by July 31” market reflects decreased confidence in traffic normalization. – The “average daily transits by May 31” market indicates a significant likelihood of disruptions in shipping activity.
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