## Market Snapshot
The market for “Strait of Hormuz traffic returns to normal by June 15” is currently priced at 8.5% YES, down from 10% 24 hours ago. The “Strait of Hormuz traffic returns to normal by July 31” market is priced at 50.5% YES, down from 58% the previous day.
## Key Takeaways
– Iran’s control over the Hormuz Strait suggests heightened tensions, impacting the likelihood of normal traffic by June 15. – Markets appear to interpret Iran’s actions as reducing the probability of normal maritime conditions by July 31. – The recent warning to foreign vessels could indicate ongoing disruptions in the coming months.
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