Iran asserts full control over Strait of Hormuz, raising oil flow concerns
Iran asserts full control over the Strait of Hormuz, leading to skepticism about traffic normalization by May 15 at 19.5% YES.
Opening excerpt (first ~120 words) tap to expand
The Iranian Army has confirmed full control of the Strait of Hormuz, raising concerns over global oil flow disruptions. Strait of Hormuz traffic returning to normal by May 15 now sits at 19.5% YES. Market reaction The market reflects skepticism about traffic normalization given Iran’s blockade posture. Odds for May 15 normalization are down from 20% yesterday, with 21 days until resolution. Iranian forces’ coordinated control signals a maintained blockade, reducing prospects for quick resolution. In a related market, the likelihood of the UK sending warships through the Strait by April 30 is at 1.9% YES. That number is unchanged from yesterday but down from 12% a week ago. Internal divisions within Iran over Strait control raise the barrier to foreign military intervention.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
