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Trump calls US Hormuz blockade “profitable,” likens it to piracy amid tensions

By Estefano Gomez · Published May 2, 2026 · 2 min read · Source: Crypto Briefing
Blockchain

## Market Snapshot

“Will Donald Trump announce that the United States blockade of the Strait of Hormuz has been lifted by May 31, 2026?” market is currently priced at 34% YES, down from 40% 24 hours ago. This represents a significant decrease from 52% a week ago.

## Key Takeaways

– Trump’s recent comments appear to reinforce an unyielding stance on the Hormuz blockade, suggesting a lower likelihood of its near-term lifting. – The current market pricing suggests participants are less confident in a YES outcome for the lifting of the blockade by the end of May. – The statement does not seem to directly impact the market concerning a formal US declaration of war on Iran, remaining at 8% YES.

## Article Body

Former U.S. President Donald Trump characterized the ongoing U.S. blockade of the Strait of Hormuz as “profitable” and compared it to piracy. This statement comes amid heightened tensions in the 2026 US-Iran conflict, where both nations have implemented blockades affecting up to 80% of tanker traffic through the critical strait. The blockade, initiated in April 2026, is part of a broader strategy by the U.S. aimed at exerting economic pressure on Iran following its nuclear activities and regional hostilities. Trump’s remark underscores the U.S.’s strategic focus on maintaining pressure on Iran, with indirect diplomacy continuing to seek a resolution.

## Market Interpretation

The market’s response to Trump’s statement reflects a decreased probability of the Hormuz blockade being lifted by May 31, 2026. The impact is considered moderate, with a notable decline in the YES pricing over the week, suggesting participants see the statement as consistent with a continuation of the current U.S. stance. Trump’s comments reinforce the perception of a protracted blockade, aligning with a scenario where economic pressure tactics remain in place.

## What to Watch

Observers should monitor any developments in indirect diplomacy efforts between the U.S. and Iran that might alter the current trajectory. Key indicators include any shifts in the stance of regional mediators, such as Pakistan, or new statements from Iranian leadership that might suggest a softening or hardening of positions. Additionally, any announcements from the U.S. administration regarding military or economic strategies could further influence market perceptions of the blockade’s duration.

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Trump Announces Us Blockade Of Hormuz Lifted
Contract Odds Δ since publish Volume 24h
May 31 34% View market →
Will The Us Officially Declare War On Iran
Contract Odds Δ since publish Volume 24h
December 31, 2026 7.5% View market →
Related to This Story US blockade on Iran may benefit Tehran, impact on oil prices uncertain
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