July-31 Hormuz Recovery Holds at 47.5¢ Despite Ceasefire MOU
The July-31 Hormuz recovery contract prints 47.5% as of 05:56 UTC Sunday — down 9 points in 24 hours despite a tentative ceasefire MOU.

The July-31 Strait of Hormuz recovery contract fell to 47¢ earlier this morning, but currently sits at 47.5¢ at 05:56 UTC Sunday — down 9 points from its 0.565 open 24 hours prior, with a session range of 0.465 to 0.575. The market's verdict: a tentative ceasefire MOU is not the same as shipping normalization.
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