## Market Snapshot

The “Strait of Hormuz traffic returns to normal by end of June” market is currently priced at 35.5% YES, down from 40% 24 hours ago. The “Will Trump restart Project Freedom by May 31?” market is at 5.7% YES, a decrease from 7% over the same period.

## Key Takeaways

– The launch of fighter jets from the USS Abraham Lincoln suggests increased military activity in the Arabian Sea, consistent with heightened tensions in the region. – Current pricing in the Strait of Hormuz market suggests reduced optimism for traffic normalization by the end of June. – Activity around the Project Freedom restart market indicates low confidence in a near-term announcement, despite escalating military actions.

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