## Market Snapshot
In the “Average Ships Transiting Strait of Hormuz by End of May” market, the probability of 10 to 20 average daily transits on May 31 is currently priced at 9.5% YES, down from 14% 24 hours ago. Meanwhile, the “Strait of Hormuz Ship Transit” market shows a 21.5% YES probability for 20 ships transiting on any day by May 31, a sharp decrease from 53% a day earlier.
## Key Takeaways
– Recent U.S. military actions appear to significantly impact shipping traffic, consistent with reduced transit scenarios. – Markets suggest the likelihood of achieving average daily transits within the specified range by May 31 has decreased. – The ongoing blockade may indicate continued challenges for normalizing Strait of Hormuz traffic by July 31.
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