Deal Signed, Mines Remain: Hormuz July YES Near Even Money
The Hormuz July 31 normalization contract holds at 48.5% Tuesday — near contested — as mine-clearance timelines override the Iran peace-accord rally.

The Strait of Hormuz July 31 normalization contract sat at 48.5% at 05:42 UTC Tuesday — up 8 percentage points from the session's 0.405 open, with $576,000 in 24-hour volume — while Orakll's overnight coverage tracked the surge in real time. The contract stays near even money despite the Iran-U.S. peace accord: physical mine clearance, not diplomatic progress, is the binding constraint on supply-chain normalization.
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