Collective forecast

Synthesized
4%

Very Unlikely

80 or more daily transits4%
Fewer than 80 daily transits96%
Confidencemedium· ▼ news bearish

3 markets analyzed, but news signals conflict with market pricing — treat with caution.

Based on 3 prediction markets

90% range 113% · moderate uncertainty (market consensus)

Market probabilities suggest a much higher likelihood of fewer than 80 daily transits compared to the current news indicating rising traffic levels.

Forecast update

Updated 26d ago

First reading — check back to watch how this forecast moves.

Why this forecast

The markets indicate a low probability of normal traffic levels returning to the Strait of Hormuz, with only 1% for July 15 and 8% for August 15. Recent news suggests that while transits are increasing, ongoing regional conflicts could hinder a full return to normalcy by the end of July.

Statistically pooled from 3 matched markets (log-odds weighted by volume), 90% CI 1-13%.

Key development

Recent clashes between Hizbollah and Israel have raised concerns about the Strait of Hormuz's reopening.

Supporting signals

  • Recent reports indicate a two-month high in transits, suggesting a potential upward trend.
  • The phased evacuation plan by the IMO and Oman aims to improve transit safety.

Risk factors

  • Escalation of regional conflicts could severely disrupt maritime traffic.
  • Unexpected geopolitical developments may arise, impacting transit levels.

This forecast assumes

  • Current geopolitical tensions do not escalate further.
  • The phased evacuation plan is effectively implemented.

How this could unfold

Geopolitical stability in the region improves
Increased demand for oil leads to higher shipping traffic
Successful implementation of maritime safety measures
80 or more daily transits (4%)
Increased oil supply could lead to lower global oil prices
Improved maritime traffic may enhance regional trade relations

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Current geopolitical tensions do not escalate further.
The phased evacuation plan is effectively implemented.