## Market Snapshot
Strait of Hormuz traffic return to normal by June 15 is currently priced at 6.5% YES, down slightly from 6% 24 hours ago. Trump Project Freedom restart by June 30 is at 27.5% YES, up from 22% a day earlier.
## Key Takeaways
– Iran’s announcement of permanent control over the Strait of Hormuz suggests long-term restrictions, potentially affecting maritime traffic normalization. – The market response indicates increased anticipation of U.S. military action, as evidenced by higher pricing for a Trump Project Freedom restart. – The news appears less impactful on the likelihood of Trump agreeing to Iranian demands, such as troop withdrawal, by June 30.
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