Panama Canal sees transit growth amid Middle East tensions, Iran threat persists

The Panama Canal Authority expects transit growth to continue as Middle East issues remain unresolved. The market for Iran successfully targeting ships by April 30 is at 87.5% YES, up from 70% a day ago. The blockade of the Strait of Hormuz has diverted shipping routes through the Panama Canal as tensions in the Middle East persist. The odds of Iran targeting ships have risen sharply alongside these diversions. The market for fewer than 2 ships being targeted by April 30 is priced at 87.5%, up from 32% a week ago. With two days until resolution, activity has spiked. Daily volume is $579 in USDC. It takes just $221 to move the odds five points, meaning the market is thin enough that a single large trade can shift pricing significantly.

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