Strait of Hormuz reopening is crucial for crude oil prices as bettors predict 40% chance of traffic returning to normal by June 2026.

US and Iran are nearing a ceasefire extension and Strait of Hormuz reopening. Traffic returns to normal by end of May at 8.3% YES.

Iran and Pakistan proposed a deal to the US to reopen the Strait of Hormuz. Traffic normal by July 31 at 60% YES.

Trump announced a nearing peace deal to reopen the Strait of Hormuz. Traffic returns to normal by end of May at 16.9% YES.

Trump announced the reopening of the Strait of Hormuz amid US-Iran tensions. Blockade lifted by May 31 at 75.5% YES.

Iran agrees to reopen the Strait of Hormuz, halting tolls and fighting. Traffic returns to normal by July 31 at 71% YES.

Will reopening the Strait of Hormuz quickly ease oil, LNG and inflation pressures, or will the economic fallout from the three-month closure linger for years?

The strait – which links the region to world markets – has been subject to a double blockade, with curbs imposed by both Iran and the US.

Strait of Hormuz sees limited reopening as oil and LNG tankers resume crossings, but shipping volumes and global energy flows remain far below pre-war levels.

$25,164,377 has traded on "Strait of Hormuz traffic returns to no..." as of May 25, 2026. View real-time odds or trade on The World's Largest Prediction Mark...

Strait of Hormuz reopening is crucial for crude oil prices as bettors predict 40% chance of traffic returning to normal by June 2026.

A potential US-Iran deal to reopen the Strait of Hormuz is already moving oil prices and Bitcoin as markets price in easing energy costs and macro tailwinds.