US-Iran Ceasefire Boosts Market 100%

Oman Waives Strait of Hormuz Fees, Impacting US-Iran Ceasefire Markets

• Oman signed agreements to waive transit fees for ships through the Strait of Hormuz.
• The “Muscat Protocol” shifts oversight from Iran’s IRGC to a bilateral management system.
• The April 15 ceasefire contract surged to 100.0% YES, up from 12% in 24 hours.
• The April 30 market also reached 100.0% YES, rising from 26% a day earlier.
• Daily USDC volume hit $1,385,525, reflecting strong market confidence in the ceasefire.

Oman’s decision to eliminate transit fees in the Strait of Hormuz has significantly influenced prediction markets, with traders interpreting it as a positive step towards a US-Iran ceasefire. The rapid increase in market confidence is evident with both the April 15 and April 30 contracts reaching full consensus on a ceasefire outcome.