Kalshi Traders Predict Strait of Hormuz Traffic Will Not Return to Normal Until July
Kalshi traders estimate that normal traffic through the Strait of Hormuz will not return until July, with a 59% chance by July 1 and 61% by August 1. This follows the U.S. and Iran extending a ceasefire without new agreements on opening the strait. Oil prices have risen above $100 per barrel amid ongoing tensions.
Topics: geopolitical tensions Iran Kalshi prediction market oil prices Strait of Hormuz U.S.