Hormuz Recovery Contract Holds at 49% as Logistics Gap Anchors Half-Mast Pricing
The July-31 Hormuz-recovery contract sat at 49% at 15:18 UTC Sunday — down 4.5pp — as ceasefire momentum fails to bridge the shipping-logistics gap.

The July-31 Strait of Hormuz recovery contract — previously covered at coin-flip odds — sat at 49% at 15:18 UTC Sunday, down 4.5pp over the past 24 hours. The contract oscillated through a 24-hour range of 0.465 to 0.53 before settling near mid; it resolves YES only if IMF Portwatch records a 7-day moving average of at least 60 daily ship transits before July 31, leaving roughly 61 days to close a gap that currently stands at about 56 ships per day.
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