Hormuz June YES Hits 12.5¢ Floor as MOU Dispute Anchors Fleet
The Hormuz June normalization contract hit 12.5¢ at 05:41 UTC Friday — down 9 points in 24 hours — as AIS shows near-zero traffic and the transit MOU's drafts remain disavowed.
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The "Strait of Hormuz traffic returns to normal by June 30" contract hit a session floor of 12.5¢ at 05:41 UTC Friday, down 9 percentage points from its 21.5¢ opening 24 hours earlier, as mine-clearance pressure and seller conviction confirmed overnight drove the market to the bottom of its 24-hour range. More than $1.19 million changed hands in the session.
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