Over 100M barrels pass through Strait of Hormuz, indicating partial recovery

Market Snapshot

The market for “Strait of Hormuz traffic returns to normal by June 15?” is currently priced at 0.5% YES, down from 1% 24 hours ago. The “Strait of Hormuz traffic returns to normal by end of June?” market shows 8.5% YES, a decline from 10% over the same period.

Key Takeaways

The report of over 100 million barrels passing through Hormuz suggests a partial recovery in traffic flow, consistent with increased activity.

Markets appear to view this development as supportive of traffic normalization, though immediate pricing reflects skepticism about a full return to normal by mid-June.