Strait of Hormuz remains blocked amid US-Iran naval skirmishes
## Market Snapshot Strait of Hormuz traffic by May 15 is priced at 1.8% YES, down from 4% 24 hours ago. Market odds for Trumps Hormuz blockade announcement by May 31 are at 40.5% YES, a slight decrease from 42% yesterday. The probability of 20 ships transiting the Strait by May 31 is 65.5% YES, down from 69% in the last day. ## Key Takeaways – Pricing suggests traffic through the Strait of Hormuz is unlikely to normalize by mid-May, consistent with continued naval blockades. – Market activity indicates a lower likelihood of Trump announcing the lifting of the Hormuz blockade by the end of May. – The chances of 20 or more ships transiting the Strait by the end of May have decreased, reflecting ongoing disruptions. ## Article Body The blockage of the Strait of Hormuz persists following recent skirmishes between U.S. and Iranian naval forces, according to a report by the New York Times. The strategic waterway has been a flashpoint in the ongoing conflict, with the U.S. enforcing a blockade under Project Freedom and Iran deploying unmanned vessels and drones to disrupt shipping. Recent engagements have included the U.S. Navys interception of Iranian boats, indicating sustained tensions. This situation









