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

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

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.

Despite reports Iran could return the passageway to normal traffic flows within a month of a peace deal, Kalshi traders thought that was unlikely.

Strait of Hormuz reopening may lower oil prices. New all-time high for crude by September 30 at 22% YES.