Hormuz June Contract Ticks to 16.5% as Mines and 4,000× Insurance Wall Absorb Ceasefire Tailwind
Hormuz June recovery prices at 16.5% as of 23:18 UTC Thursday — a 4,000× insurance surge and six-month mine-clearance estimate keep odds depressed despite the ceasefire holding.
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As prior coverage tracked, the Polymarket contract on Strait of Hormuz traffic normalizing by June 30 sat at 16.5¢ at 23:18 UTC Thursday — up 1pp from the 15.5¢ session open — oscillating between a 14.5¢ session low and 16.5¢ session high on $317,307 in 24-hour volume, with 26 days to the deadline and the ceasefire intact.
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