## Market Snapshot
Strait of Hormuz traffic normal by July 31 is currently priced at 56% YES, down from 58% 24 hours ago. The average ships transiting the Strait of Hormuz by end of May is priced at 7% YES, a slight decrease from 8% a day ago. The US-Iran peace deal market is currently inactive with no recent activity.
## Key Takeaways
– Rezaei’s accusation suggests continued high tensions, impacting market perceptions of Strait of Hormuz traffic normalization. – Market pricing indicates skepticism about achieving average ship transits within normal range by May 31. – The likelihood of a US-Iran peace deal appears less probable, as market sentiment reflects ongoing diplomatic friction.
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