US enforces strict blockade on Iranian ports, impacting Strait of Hormuz traffic

## Market Snapshot

The “Strait of Hormuz traffic returns to normal by July 31” market is currently priced at 56.5% YES, down from 58% 24 hours ago. The “Will 20 ships transit the Strait of Hormuz on any day by May 31” market is at 11% YES, a decrease from 14% yesterday. Meanwhile, the “Trump’s Hormuz Blockade Announcement” market is priced at 16.5% YES, down from 18% a day ago.

## Key Takeaways

– The British Maritime Authority report suggests a strict US blockade, impacting the likelihood of normal Strait of Hormuz traffic by July 31. – Strict enforcement appears to reduce the odds of 20 ships transiting the Strait on any day by May 31. – Market pricing suggests a low probability of Trump announcing the blockade’s end by May 31.

## Article Body