Polymarket traders price a low near-term risk of Bab el-Mandeb Strait effective closure, with implied probabilities at 8.8% by May 31, 14% by June 30, and 23% by September 30—reflecting sustained U.S.-led naval deterrence amid Houthi threats issued in early May 2026 to counter the ongoing Strait of Hormuz blockade. IMF PortWatch data shows 7-day average ship arrivals holding above 30 versus the closure threshold of 10, supporting transit volumes despite sporadic attacks and Somali piracy escalation. The chokepoint handles 12% of seaborne oil trade; disruption would compound Hormuz effects, with Brent crude at $101/bbl on May 7 after $110+ spikes and Baltic Dry Index up 130% year-to-date on rerouting costs. Key catalysts include Houthi missile tests or coalition strikes.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedBab el-Mandeb Strait effectively closed by...?
Bab el-Mandeb Strait effectively closed by...?
$2,565,101 Vol.
May 31
8%
June 30
14%
September 30
20%
$2,565,101 Vol.
May 31
8%
June 30
14%
September 30
20%
This market will resolve as soon as IMF PortWatch publishes a 7-day moving average of transit calls for the Bab el-Mandeb Strait equal to or below 10, or once data has been published for the listed date and no such value has been published.
If no data has been published for the listed date within 14 calendar days (ET) after that date, this market will resolve based on the data published up to that point.
Revisions to previously published data points made before data has been published for the listed date will be considered; however, they will not disqualify a previously published data point from qualifying. Revisions made after data has been published for the listed date will not be considered.
The resolution source for this market will be IMF PortWatch, specifically the “Arrivals of Ships” data published for the Bab el-Mandeb Strait at https://portwatch.imf.org/pages/6b1814d64903461b98144a6cc25eb79c.
Market Opened: Apr 14, 2026, 10:30 AM ET
Resolver
0x65070BE91...This market will resolve as soon as IMF PortWatch publishes a 7-day moving average of transit calls for the Bab el-Mandeb Strait equal to or below 10, or once data has been published for the listed date and no such value has been published.
If no data has been published for the listed date within 14 calendar days (ET) after that date, this market will resolve based on the data published up to that point.
Revisions to previously published data points made before data has been published for the listed date will be considered; however, they will not disqualify a previously published data point from qualifying. Revisions made after data has been published for the listed date will not be considered.
The resolution source for this market will be IMF PortWatch, specifically the “Arrivals of Ships” data published for the Bab el-Mandeb Strait at https://portwatch.imf.org/pages/6b1814d64903461b98144a6cc25eb79c.
Resolver
0x65070BE91...Polymarket traders price a low near-term risk of Bab el-Mandeb Strait effective closure, with implied probabilities at 8.8% by May 31, 14% by June 30, and 23% by September 30—reflecting sustained U.S.-led naval deterrence amid Houthi threats issued in early May 2026 to counter the ongoing Strait of Hormuz blockade. IMF PortWatch data shows 7-day average ship arrivals holding above 30 versus the closure threshold of 10, supporting transit volumes despite sporadic attacks and Somali piracy escalation. The chokepoint handles 12% of seaborne oil trade; disruption would compound Hormuz effects, with Brent crude at $101/bbl on May 7 after $110+ spikes and Baltic Dry Index up 130% year-to-date on rerouting costs. Key catalysts include Houthi missile tests or coalition strikes.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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