Thousands of ships stranded as Trump claims US winning Hormuz blockade
Strait of Hormuz traffic by May market is currently priced at 4.4% YES, up from 2% a day ago. Trumps Hormuz blockade announcement market shows a 45.5% YES probability, compared to 25% yesterday. The Strait of Hormuz ship transit market reflects a 74.5% YES scenario, rising from 62% in the last 24 hours. ## Key Takeaways – Market pricing suggests continued skepticism about a return to normal traffic levels through the Strait of Hormuz by mid-May. – The lack of progress in negotiations appears to reduce the likelihood of the US lifting its blockade by the end of May. – High YES pricing in the ship transit market may indicate confidence in short-term improvements in vessel movement despite current disruptions. ## Article Body In a recent development, thousands of ships remain stranded due to a blockade in the Strait of Hormuz, a critical chokepoint for global oil and gas transit. Former US President Donald Trump has claimed the US is “winning” its military campaign against Iran, despite the ongoing disruption. The blockade, a result of Operation Epic Fury initiated in late February, has led to significant economic and humanitarian challenges, with approximately 23,000 civilians and commercial crews awaiting passage. Efforts such as “Project Freedom”