Hormuz June Recovery Slips to 12.5% as Mine Backlog Deepens
The Strait of Hormuz June-end recovery contract sits at 12.5% as of Sunday, down 2pp on the session, as 4,000× war-risk premiums and a six-month mine backlog overwhelm ceasefire momentum.
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Since earlier today's coverage at 14.5%, the Strait of Hormuz June-end recovery contract has slipped another 2pp to 12.5% as of 17:45 UTC Sunday, June 7. The session opened at 0.145 and recorded a high of 0.150 before printing a new session low of 0.125 — its current level — as steady No-side accumulation shaved the Yes case further.
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