https://www.pbs.org/newshour/world/irans-military-closes-strait-of-hormuz-again-citing-u-s-blockade
Market Snapshot
The market “Strait of Hormuz traffic returns to normal by June 15” is currently priced at 0.5% YES, indicating severe doubts about a quick resolution. Meanwhile, “Strait of Hormuz traffic returns to normal by July 31” is at 21.5% YES, reflecting ongoing concerns about prolonged disruption.
Key Takeaways
Iran’s full shutdown of the Strait of Hormuz appears to decrease the likelihood of normal maritime traffic by June 15.
