Hormuz June Recovery Holds at 21.5% as Vessel Backlog Defies Ceasefire
At 21.5% at 02:55 UTC Tuesday, the June-end Hormuz recovery market prices a 15x shipping gap ceasefire diplomacy alone cannot close.
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The June-end Hormuz recovery contract held at 21.5¢ at 02:55 UTC Tuesday, June 2 — as reported in Orakll's coverage earlier this session — down 6 points from Monday's 27.5¢ session open. The 24-hour range extends from a 15.5¢ floor to that 27.5¢ peak, a 12-point arc resolved to the downside as the ceasefire held but physical transit constraints did not.
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