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Strait of Hormuz traffic won't return to normal until end of the year, traders say
Traders previously estimated a 60% chance of the Strait of Hormuz reopening before August, but now see a higher likelihood of it remaining closed until 2027. Traffic through the strait is not expected to return to normal until the end of the year.
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Adjacent reporting
- Traders are skeptical of Iran timeline for Strait of Hormuz reopening
- Market Still Expecting Strait of Hormuz to Reopen: Renaud-Chatelain
- Polymarket odds of Hormuz Strait traffic normalizing by end of May spike to 73%
- Fitch Ratings Sees Strait of Hormuz Reopening in July
- Strait of Hormuz could be closed for at least six months as Iran says 'impossible' to reopen key waterway amid US military action
- The strait may reopen, but global confidence may not return