## Market Snapshot
The market on “Strait of Hormuz traffic returns to normal by June 15” currently shows a 9.5% YES probability, reflecting a slight increase from 8% observed 24 hours ago. Meanwhile, “Will 20 ships transit the Strait of Hormuz on any day by May 31?” is priced at 13.5% YES, down from 14% a day prior.
## Key Takeaways
– The Iranian control over the Strait of Hormuz traffic appears to suggest a decrease in the likelihood of normal traffic resuming by June 15. – Market pricing implies a significant reduction in the chances of 20 ships transiting the strait on any day by May 31. – The news appears consistent with scenarios where oil transportation through the strait is disrupted.
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