Amid heightened Iran-U.S. tensions spilling from Strait of Hormuz disruptions, Yemen's Houthis issued fresh threats in early May 2026 to shutter the Bab el-Mandeb Strait—a vital chokepoint for 12% of global seaborne oil trade and key Asia-Europe container routes—but trader consensus on Polymarket prices slim near-term closure odds, with September 30 at 21% implied probability leading over June 30 (14%) and May 31 (8%). Sustained U.S.-led naval operations have maintained IMF PortWatch 7-day average ship arrivals above 30 versus the 10-ship effective closure threshold, despite sporadic attacks inflating Baltic Dry Index to 3,034 (up 130% YTD) and Shanghai-Europe freight rates over 200%. Brent crude eased to $101/bbl on May 7 after $110+ volatility. Escalatory Houthi strikes or coalition responses remain key swing factors ahead of summer resolution windows.
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...?
$2,565,276 Vol.
May 31
8%
June 30
14%
September 30
20%
$2,565,276 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...Amid heightened Iran-U.S. tensions spilling from Strait of Hormuz disruptions, Yemen's Houthis issued fresh threats in early May 2026 to shutter the Bab el-Mandeb Strait—a vital chokepoint for 12% of global seaborne oil trade and key Asia-Europe container routes—but trader consensus on Polymarket prices slim near-term closure odds, with September 30 at 21% implied probability leading over June 30 (14%) and May 31 (8%). Sustained U.S.-led naval operations have maintained IMF PortWatch 7-day average ship arrivals above 30 versus the 10-ship effective closure threshold, despite sporadic attacks inflating Baltic Dry Index to 3,034 (up 130% YTD) and Shanghai-Europe freight rates over 200%. Brent crude eased to $101/bbl on May 7 after $110+ volatility. Escalatory Houthi strikes or coalition responses remain key swing factors ahead of summer resolution windows.
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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