## Market Snapshot
Strait of Hormuz Normal Traffic market currently shows a 7.5% YES probability, down from 10% in the last 24 hours. The Strait of Hormuz Ship Transit market is at 12.5% YES, a decrease from 14% a day prior, with only 1 day left until resolution.
## Key Takeaways
– Market activity suggests a heightened perception of risk regarding normal traffic through the Strait of Hormuz by June 15, with a 7.5% YES probability. – Iran’s moves to formalize control over the Strait appear consistent with scenarios of increased restrictions on ship transit, influencing the odds of 20 ships transiting by May 31. – The developments do not appear to impact markets related to U.S. troop withdrawal agreements, as focus remains on maritime control.
## Article Body
