USS Rafael Peralta reinforces US blockade on Iranian ports in Hormuz Strait

The USS Rafael Peralta is actively supporting the US blockade on Iranian ports in the Strait of Hormuz. With 33 days left, the market on whether Donald Trump will announce the blockade’s lifting by May 31 sits at 58% YES, unchanged over the past 24 hours but down from 84% a week ago. The Peralta’s deployment signals a firm US stance on maintaining the blockade, which works against prospects for a quick resolution. The May 31 sub-market is the primary focus. A 12-point spike occurred previously, showing volatility as traders react to new developments. The market trades $369,613 daily in face value, and it takes $124,623 to move the odds by 5 percentage points. The blockade’s reinforcement by the Peralta makes traffic normalization through the Strait of Hormuz by end of June less likely.

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