US maintains legal blockade of Strait of Hormuz, reducing war declaration likelihood
Bitcoin Ethereum News ## Market Snapshot The market for Trump announcing the lifting of the US blockade of the Strait of Hormuz by May 31, 2026, currently indicates a 29.5% YES probability, down from 40% one day ago. The market for a US declaration of war on Iran by December 31, 2026, shows a 7.5% YES probability, slightly up from 6% a day earlier. ## Key Takeaways – The statement by Acting AG Todd Blanche that the blockade is legal suggests a continuation of the current US stance. – Markets appear to interpret the blockade as a de-escalatory measure, decreasing the likelihood of a US war declaration. – The confirmation of legality may indicate a reduced probability of the blockade being lifted imminently. ## Article Body In response to inquiries about the United States stance towards Iran, Acting Attorney General Todd Blanche clarified that the active naval blockade is not an act of war but a legal enforcement measure. The blockade, initiated on April 13, 2026, following failed peace negotiations, aims to restrict Iranian oil exports while maintaining free passage for other nations. Although the blockade imposes significant economic pressure on Iran, US officials, including Blanche, assert its legality despite criticisms from international law experts. The