## Market Snapshot
The “Crude Oil All Time High Predictions” market shows a 19.5% YES for a new high by September 30, down from 21% a day earlier. The “Strait of Hormuz Traffic Normal by July 31” market is at 47.5% YES, a decrease from 57% 24 hours ago.
## Key Takeaways
– The 67% drop in Japan’s oil imports appears to suggest severe supply disruptions from the Middle East. – Japan’s increased reliance on Russian oil could indicate heightened energy market stress. – Markets suggest that traffic normalization in the Strait of Hormuz is less likely by mid-June.
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