YES Buyers Drive Hormuz Recovery to 22.5% After 13:50 UTC Dip

The Hormuz traffic-recovery contract — which resolves YES if IMF Portwatch records a 60-transit-call 7-day average through the strait by June 30 — sits at 22.5% as of 15:27 UTC Friday. As covered in the morning session, Trump's June 11 announcement of a 60-day ceasefire extension drove the contract from its 6.5% session open (15:28 UTC Thursday). Following a dip to 15.5% at 13:50 UTC, YES buyers steadied the contract at 16.5% at both 14:15 and 14:39 UTC, then pushed it to 19.5% at 15:04 UTC and 22.5% at 15:27 UTC — a 16pp net gain on the session.

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