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Trump affirms Hormuz blockade to continue until Iran deal secured

By Estefano Gomez · Published April 17, 2026 · 1 min read · Source: Crypto Briefing
RegulationStablecoins

Trump’s latest statement affirms that the Strait of Hormuz blockade will persist until a deal with Iran is secured. Odds for lifting the blockade by May 31, 2026, sit at 90.5% YES.

Markets barely moved, consistent with skepticism about any sudden breakthrough. The April 17 market remains at 5.7% YES. Traders have priced in continuation of the blockade. The April 19 market holds at 28.0% YES, a slight bump suggesting some traders expect movement within days.

These markets are thin. USDC volume over the last 24 hours is $33,928, and it takes only $1,085 to shift the April 17 market by 5 points. A single large order can swing prices. The biggest move was a 4-point drop at 3:18 AM, a sell-off that followed Trump’s comments.

Trump’s statement signals a firm stance and dampens hopes for a near-term deal. At 18¢, a YES share for the April 19 market pays $1 if the blockade lifts, a 5.6x return. For that bet to make sense, you’d need to believe in a rapid diplomatic breakthrough. Given the thin volume and Trump’s tone, this looks more like noise than signal.

Watch for Trump’s next move or statements from Iranian officials. Any shift in rhetoric or confirmation of talks could move these markets fast.

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Trump Announces Us Blockade Of Hormuz Lifted
Contract Odds Δ since publish Volume 24h
May 31, 2026 90.5% Trade →
April 17, 2026 5.7% Trade →
April 19, 2026 28% Trade →
Trump Announces Us X Iran Ceasefire Broken
Contract Odds Δ since publish Volume 24h
April 21 8.5% Trade →
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