## Market Snapshot
The market predicting whether 20 ships will transit the Strait of Hormuz by May 31 is currently priced at 46% YES, down from 60% 24 hours ago. The market for traffic normalization by July 31 is priced at 43.5% YES, also seeing a decrease.
## Key Takeaways
– Recent monitoring activity suggests strong enforcement of the maritime blockade, consistent with a NO outcome for ship transit scenarios. – The continued blockade enforcement appears to decrease the likelihood of shipping traffic normalization by the end of June and July 31. – Observations of ships being redirected and disabled indicate a significant impact on maritime movement in the region.
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