Oil Prices Ease After U.S.-Iran Interim Deal While Hormuz Traffic Recovery Stays Slow
Traders on Kalshi see only a 59 percent chance of normalized traffic in the Strait of Hormuz by August and 82 percent by year-end. Markets point to mines, congestion and insurance issues as ongoing constraints.
marketwatch.com-Iran interim deal, yet traders on the prediction platform Kalshi do not expect a rapid return to normal traffic in the Strait of Hormuz. Kalshi traders assign a 59 percent chance of normalization by August, roughly 67 percent by September and 82 percent by year-end.
Markets cite logistical delays including mines, congestion and insurance disruptions as reasons for the slow recovery of Hormuz traffic.
The interim deal between the United States and Iran forms the immediate backdrop for the price movement and the market assessment of future shipping conditions.
