Iran Actions Spark Global Strait Tensions

Iran Faces International Disapproval Over Strait of Hormuz Actions

• The probability of a US-Iran diplomatic meeting by June 30 has decreased to 35.9%, down from 42%.
• The Iran Shipping Agreement market shows a slight increase in the likelihood of resolution by May 31, now at 10.5%.
• Mark Kimmitt criticized Iran’s selective passage policy in the Strait of Hormuz, highlighting a lack of international support.
• The UN Security Council passed a resolution with 135 co-sponsors demanding Iran cease its blockade, indicating widespread disapproval.

The likelihood of diplomatic talks between the US and Iran has diminished as market probabilities fall, reflecting ongoing international criticism and strained relations over Iran’s actions in the Strait of Hormuz.