## Market Snapshot
Strait of Hormuz traffic returns to normal by June 15? — priced at 8.5% YES, reflecting a slight decline in confidence over the past 24 hours. WTI Crude Oil hitting $150 in May is priced at 0.5% YES, indicating limited market expectation of reaching this threshold.
## Key Takeaways
– Market pricing suggests a decreased likelihood of Strait of Hormuz traffic normalizing by June 15, consistent with ongoing disruptions. – WTI crude oil markets reflect a minor increase in YES pricing, suggesting concerns about future price spikes due to supply chain disruptions. – Current geopolitical tensions and the potential for a broader energy supply shock are indicative of increased market volatility.
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