Market Declines on Trump’s Comments About Hormuz Blockade
- The probability of the U.S. lifting the Strait of Hormuz blockade by May 31, 2026, has decreased to 34%, down from 40% in the past 24 hours and from 52% a week ago.
- Former President Donald Trump described the blockade as “profitable” and likened it to piracy, reinforcing a tough U.S. stance.
- The blockade affects up to 80% of tanker traffic through the strait amid ongoing U.S.-Iran tensions.
- Current market sentiment reflects a reduced likelihood of the blockade being lifted soon, with continued economic pressure on Iran.
The market’s response suggests skepticism about a quick resolution to the Strait of Hormuz blockade, with probabilities declining after Trump’s remarks about its profitability and strategic importance.
Source (3.2)https://cryptobriefing.com/trump-calls-us-hormuz-blockade-profitable-likens-it-to-piracy-amid-tensions/?rand=59535
