Blockade-Lift Contract at 18¢ After Trump Spike Fully Unwinds
The blockade-lift contract collapsed to 18% as of 04:43 UTC Friday as Iran rejected Trump's conditions and NAVCENT kept the blockade active.
After spiking 66pp to a session high of 0.86 on Trump's Truth Social post, the Hormuz blockade-lift contract has fully reversed: it sits at 18% as of 04:43 UTC Friday, just off a session low of 0.175. As Orakll tracked, the retracement from 86¢ was already underway Thursday evening; overnight it erased the session opening of 0.225 and pressed lower. The market resolves YES only if Trump makes an official, qualifying announcement that the U.S. blockade of the Strait of Hormuz has been lifted by May 31 midnight ET.
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