US forces redirect 115 vessels, intensify Iran blockade enforcement

## Market Snapshot

Average daily transits of the Strait of Hormuz for May 31 are currently priced at 8% YES for 10-20 transits, remaining unchanged over the past week. The likelihood of 20 ships transiting on any day by May 31 is priced at 14% YES, down from 56% seven days ago. The market for Trump’s announcement of lifting the blockade is at 19.5% YES, up from 10% a day ago.

## Key Takeaways

– The redirection of 115 vessels by U.S. forces suggests increased enforcement of the blockade. – Market pricing suggests a decreased likelihood of higher ship transits through the Strait of Hormuz. – The probability of Trump announcing the end of the blockade by May 31 appears to have increased slightly.

## Article Body