Iran deploys IRGC ship in Strait of Hormuz, plans transit fees

## Market Snapshot

Strait of Hormuz traffic returns to normal by June 15? — currently priced at 8.5% YES, a slight increase from 8% over the past day. The market for 20 ships transiting on any day by May 31 shows a 10% YES probability, down from 12% yesterday.

## Key Takeaways

– News of the IRGC ship’s presence and planned transit fees suggests a significant escalation in the region. – The market for normal traffic resuming by June 15 appears to reflect a low likelihood, as indicated by the 8.5% YES pricing. – Ship transit markets indicate decreased probabilities for high transit numbers, consistent with potential disruptions.

## Article Body