US Navy could reopen Strait of Hormuz with international allies: Austin

Market Snapshot

In the “Countries Sending Warships Through Hormuz by June 30” market, the YES pricing for the UK sending warships stands at 9.5%, up from 8% a day ago. Meanwhile, the “Trump Project Freedom Restart” market shows a current YES pricing of 10.5%, down from 14% the previous day.

Key Takeaways

Lloyd Austin’s statement suggests increased likelihood of international naval involvement in the Strait of Hormuz.

Market pricing indicates a moderate increase in the probability of the UK deploying warships through the strait.