## Market Snapshot
Strait of Hormuz traffic returns to normal by July 31 is currently priced at 52.5% YES. This has decreased from 58% in the last 24 hours. The market is active with a daily face value of $155,315.
## Key Takeaways
– The discovery of a naval mine in the Strait of Hormuz appears to increase concerns over prolonged disruptions to maritime traffic. – U.S. accusations against Iran for an illegal underwater mining campaign suggest heightened military tensions in the region. – The market pricing suggests participants view normal traffic resumption by July 31 as less likely, consistent with the recent developments.
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