Vessel Backlog and 4,000× Insurance Premiums Hold Hormuz June Contract at 15.5%
The June-end Hormuz recovery contract sat at 15.5% at 08:34 UTC Thursday, down 5pp from its session open, as ~412 trapped vessels and prohibitive war-risk costs block normalization.
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The June-end Strait of Hormuz recovery contract held at 15.5% as of 08:34 UTC Thursday — down 5pp from its 20.5% session open and just 1pp above its 14.5% intraday low — with 26 days remaining for IMF Portwatch to record a 7-day moving average of 60 or more transit calls.
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