Strait of Hormuz traffic returns to normal by end of June β 10% YES
At 10%, the market views a return to normal Strait of Hormuz traffic by June 30th as a significant longshot, with the crowd collectively judging the odds at roughly 9.5-to-1 against. This price, having remained essentially flat over the last 24 hours despite heavy trading volume exceeding $15 million overall, reflects a confident and stable consensus. Given the resolution rule requires the IMF Portwatch 7-day moving average of transit calls to hit 60 by the end of June, and with only about 20 days remaining, the market's low price suggests a strong belief that this specific threshold will not be met in the near term.
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