The market for Donald Trump announcing the lifting of the US blockade of the Strait of Hormuz by May 31 dropped to 78% YES, down from 90% a day ago, as maritime confrontations weigh on expectations for US-Iran diplomacy.
The May 31 blockade market fell 12 points in the last 24 hours. The April 19 contract collapsed to 0.9% YES from 28% yesterday, as Iran’s use of IRGC fast boats and strict shipping controls point to sustained confrontation. The gap between the April 19 and May 31 contracts implies traders expect possible resolution or new developments closer to late May.
In the Iran peace deal market, a permanent agreement by April 22 is priced at 19.5% YES, down from 40% just a day ago. With four days until expiration, the drop tracks directly with the Strait of Hormuz escalation.
Trading activity shows $29,602 in USDC traded over the past 24 hours. Moving the peace deal market 5 points requires $9,449, which points to relatively high conviction in current pricing, though liquidity remains a variable.
At 19.5¢, a YES bet on a peace deal by April 22 pays 5.13x. That price requires strong belief in an unexpected diplomatic breakthrough within days, given the direction of events.
Watch for statements from Abbas Araghchi or Donald Trump that could shift negotiation expectations. Trump’s Truth Social posts or Pentagon briefings on the US posture in the Strait would be the most direct signals.
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Trump Announces Us Blockade Of Hormuz Lifted| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| May 31 | 78% | — | — | Trade → |
| April 19 | 0.9% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 22, 2026 | 17.5% | — | — | Trade → |
