CENTCOM warns of military operations near Strait of Hormuz amid US-Iran tensions

## Market Snapshot

Strait of Hormuz Traffic Normalization is currently priced at 43.5% YES, up from 34% 24 hours ago. The US Invasion of Iran market is priced at 17.5% YES, down from 20% the previous day.

## Key Takeaways

– CENTCOM’s warning of potential military operations appears consistent with decreased likelihood of traffic normalization in the Strait of Hormuz by June. – The warning suggests heightened US-Iran tensions, which may indicate an increased probability of a broader conflict. – The market for UK warships transiting the Strait of Hormuz by May 31 remains largely unaffected by this development.

## Article Body