## Market Snapshot The “Strait of Hormuz traffic returns to normal by end of April” market is currently priced at 0% YES, indicating a strong consensus that normalcy will not be achieved. The recent news confirms continued disruptions due to the Iran war. ## Key Takeaways – The closure of the Strait of Hormuz appears to disrupt global oil and fertilizer transit, consistent with a NO outcome for traffic normalization by the end of April. – Asia’s increased vulnerability to supply chain disruptions suggests ongoing challenges in energy and food…
Iran conflict closes Strait of Hormuz, disrupting global oil and food supply
