Pentagon's Six-Month Mine Estimate Anchors Hormuz July YES at 48.5%
Hormuz July 31 YES holds at 48.5% as of 04:50 UTC Tuesday, up 8pp from Monday's open, as the Pentagon cites a six-month mine-clearance timeline.

The Strait of Hormuz July 31 shipping-normalization market holds at 48.5% as of 04:50 UTC Tuesday, up 8 percentage points from Monday's session open of 0.405. The contract resolves YES only if IMF Portwatch records a 7-day average of 60-plus transit calls for any date through July 31 — a threshold that demands physical mine clearance, not just a ceasefire.
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