Mine Clearance Wall Keeps Hormuz Recovery Priced at 7.5%
Hormuz traffic recovery priced at 7.5% Thursday, off a 9.5% Wednesday open, as mine-clearance timelines and 3–8% war-risk premiums block a June 30 YES.
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The Strait of Hormuz traffic-recovery contract priced YES at 7.5% as of 07:45 UTC Thursday, June 11 — down from a session open of 9.5% at 07:46 UTC Wednesday, with the overnight seeing two tests of the 6.5% floor (at 22:25 UTC Wednesday and again at 01:15 UTC Thursday) before stabilizing at 7.5%. The contract resolves YES only if IMF Portwatch's 7-day moving average of Hormuz transit calls reaches 60 by June 30; with 19 days remaining, the market treats that bar as nearly unreachable.
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