## Market Snapshot Strait of Hormuz traffic normalization by December 31 is currently priced at 76.5% YES, showing stability from 76% YES in the past 24 hours. The market for traffic normalization by the end of June has decreased to 29.5% YES from 32% 24 hours ago.
## Key Takeaways – The rejection of Iran’s proposal suggests increased tension, which may indicate a lower likelihood of traffic normalization in the Strait of Hormuz by the end of June. – Markets appear to reflect concerns about potential military escalation, as indicated by the decreased probability of traffic normalization by June 30. – The December 31 normalization market remains stable, suggesting participants might view longer-term prospects as less immediately affected by the current deadlock.
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