June Hormuz Recovery Holds at 21.5% as Backlog Defies Ceasefire
The Hormuz June-recovery contract holds at 21.5% as of 05:19 UTC Tuesday, steady from a 15.5¢ session floor, as operators await durable peace.
As of 05:19 UTC Tuesday, the June-end Hormuz recovery contract holds at 21.5%, steady after a volatile 24-hour arc that opened at 26.5¢ before crashing to a 15.5¢ session floor and recovering. The No side trades at 78.5¢, reflecting $760,177 in 24-hour volume on a market that resolves only when IMF Portwatch's 7-day moving average of Strait transits reaches ≥ 60 — a threshold the current physical backlog places well beyond near-term reach.
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