Trump prepares for extended Hormuz blockade, dampening quick resolution hopes

Trump has instructed aides to prepare for an extended blockade of the Strait of Hormuz. The odds of the blockade being lifted by May 31 are at 50.5% YES, down from 58% yesterday and 82% a week ago. ## Market reaction The report knocked expectations of a quick resolution. With 32 days left until resolution, traders are adjusting positions. The largest move occurred at 11:40 AM, with a 12-point spike when odds briefly hit 68%, likely driven by a large order. The Hormuz blockade market trades $322,748 in actual USDC daily. The Hormuz traffic normalization market tells a similar story. Odds for traffic returning to normal by May 15 sit at 15.5% YES, barely up from 14% yesterday. Volume is $184,621 in actual USDC daily, with a 46-point spike suggesting brief optimism before reality set in.

…

Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.