Iran Deal Can't Clear Mines: Hormuz June Recovery Floor at 18.5%
Hormuz June recovery priced at 18.5% at 06:01 UTC Tuesday — off 11.5 points — as mines and insurance hold what the Iran accord cannot resolve.
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As noted earlier this session, the Strait of Hormuz end-of-June traffic recovery contract has fallen to 18.5% as of 06:01 UTC Tuesday — the 24-hour session floor — on $1.06 million in volume. While the US-Iran peace framework trades near settlement, the June 30 Hormuz normalization market prices near-certain failure: the physical prerequisites for restoring shipping traffic remain structurally out of reach before month-end.
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