## Market Snapshot
Trump’s Hormuz Blockade Announcement market currently shows a 0.1% YES probability, down from 4% just 24 hours ago. The Strait of Hormuz Traffic Normal by July 31 market is pricing a 38.5% YES likelihood, a drop from 46% in the previous day.
## Key Takeaways
– The intensified enforcement of the U.S. blockade by CENTCOM appears consistent with a NO outcome for lifting the blockade by May 31, 2026. – The active interdiction of commercial vessels suggests a decreased likelihood of traffic normalization in the Strait of Hormuz by July 31, 2026. – The timing of the report, dated June 1, indicates that recent developments do not pertain to earlier May events relevant to the Hormuz traffic market.
## Article Body
