Will Iran close the Strait of Hormuz before July?
Prediction markets try to decipher Iran's impossible choices.
Strait Talk
Fear and wild headlines are driving a frenzy in Iran-centric prediction markets. A key question markets are trying to answer: Will Iran close the Straits of Hormuz by July? It’s more than an idle question, as some 20-30% of the world’s oil passes through the Straits, meaning a closure would have massive economic aftershocks.
Traders have piled into NO contracts at a hefty 71¢, leaving YES languishing at just 28¢. The herd believes Iran will keep the waterway open, but with just days left on the contract and the whole world watching, swings and headlines will create prime opportunities for sharp speculators.
Follow the market: Will Iran close the Strait of Hormuz before July? on Polymarket
