Hormuz July-31 Contract Eases to 34.5% as Mine Backlog Outlasts Ceasefire
Hormuz July-31 recovery sits at 34.5% as of 05:27 UTC Thursday, down 4 points from the 38.5% session open on mine-clearance and insurance headwinds.
The Strait of Hormuz July 31 recovery contract — which resolves YES only if IMF Portwatch records a 7-day moving average of 60 or more transit calls for any date on or before July 31 — is trading at 34.5% as of 05:27 UTC Thursday, down 4 points from its 38.5% session open. With the June-end sibling already priced at 15.5%, the extra two months the July deadline affords command a market premium but still can't push consensus above a coin flip.
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