Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions

Iran’s continued closure of the Strait of Hormuz during the US-Israel conflict has deepened global supply chain disruptions. The market for Strait of Hormuz traffic normalization by May 15 is at 15.5% YES, up slightly from 14% twenty-four hours ago. Market reaction The May 31 market for Trump lifting the US blockade of Hormuz fell sharply to 50.5% YES, down from 58% a day ago. Traders see little chance of a quick resolution. The largest single move was a 12-point spike in the May 31 market, which settled back down, suggesting volatile positioning driven by speculation rather than concrete diplomatic progress. The Strait of Hormuz traffic market has $1,000,111 in face value per day but only $184,621 in actual USDC.

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