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Strait of Hormuz traffic returns to normal by end of April?

Market icon

Strait of Hormuz traffic returns to normal by end of April?

21% chance
Polymarket

$1,489,354 Vol.

21% chance
Polymarket

$1,489,354 Vol.

This market will resolve to “Yes” if IMF Portwatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Strait of Hormuz equal to or above 60 for any date between market creation and April 30, 2026. Otherwise, this market will resolve to “No”. Daily transit calls include container, dry bulk, roll-on/roll-off, general cargo, and tanker ships. Ships not reported by IMF Portwatch will not be considered. This market will resolve as soon as IMF Portwatch publishes a 7-day moving average of transit calls equal to or above the specified level, or once data has been published for the final date in the specified period and no such value has been published. If no data has been published for the final date of the specified period within 14 calendar days (ET) after the end of that period, this market will resolve based on data published up to that point. Revisions to previously published data points made within this market’s timeframe will be considered. However, they will not disqualify a previously published data point from qualifying. Revisions to previously published data points after data is published for April 30, 2026, however, will not be considered. The resolution source for this market will be IMF Portwatch, specifically the transit calls data published for the Strait of Hormuz at https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730, both in the chart and through downloadable files.Trader consensus on Polymarket reflects a 79.5% implied probability that Strait of Hormuz shipping traffic will not normalize by April 30, anchored by Iran's "toll booth" control four weeks into the US-Iran conflict following late-February strikes. Daily vessel transits have collapsed over 90% from the typical 130–150 to single digits—often AIS-dark or selective, as shown in MarineTraffic timelapses through March 26 and just one visible crossing in the past 24 hours at 0.7% of normal. Surging war-risk insurance premiums and absent de-escalation amid ongoing hostilities underpin this positioning, with rare exceptions like a Saudi crude shipment hugging Iran's coast on March 29. Resolution hinges on ceasefire progress or escalation risks before month-end.

Trader consensus on Polymarket reflects a 79.5% implied probability that Strait of Hormuz shipping traffic will not normalize by April 30, anchored by Iran's "toll booth" control four weeks into the US-Iran conflict following late-February strikes. Daily vessel transits have collapsed over 90% from the typical 130–150 to single digits—often AIS-dark or selective, as shown in MarineTraffic timelapses through March 26 and just one visible crossing in the past 24 hours at 0.7% of normal. Surging war-risk insurance premiums and absent de-escalation amid ongoing hostilities underpin this positioning, with rare exceptions like a Saudi crude shipment hugging Iran's coast on March 29. Resolution hinges on ceasefire progress or escalation risks before month-end.

Experimental AI-generated summary referencing Polymarket data · Updated
This market will resolve to “Yes” if IMF Portwatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Strait of Hormuz equal to or above 60 for any date between market creation and April 30, 2026. Otherwise, this market will resolve to “No”. Daily transit calls include container, dry bulk, roll-on/roll-off, general cargo, and tanker ships. Ships not reported by IMF Portwatch will not be considered. This market will resolve as soon as IMF Portwatch publishes a 7-day moving average of transit calls equal to or above the specified level, or once data has been published for the final date in the specified period and no such value has been published. If no data has been published for the final date of the specified period within 14 calendar days (ET) after the end of that period, this market will resolve based on data published up to that point. Revisions to previously published data points made within this market’s timeframe will be considered. However, they will not disqualify a previously published data point from qualifying. Revisions to previously published data points after data is published for April 30, 2026, however, will not be considered. The resolution source for this market will be IMF Portwatch, specifically the transit calls data published for the Strait of Hormuz at https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730, both in the chart and through downloadable files.Trader consensus on Polymarket reflects a 79.5% implied probability that Strait of Hormuz shipping traffic will not normalize by April 30, anchored by Iran's "toll booth" control four weeks into the US-Iran conflict following late-February strikes. Daily vessel transits have collapsed over 90% from the typical 130–150 to single digits—often AIS-dark or selective, as shown in MarineTraffic timelapses through March 26 and just one visible crossing in the past 24 hours at 0.7% of normal. Surging war-risk insurance premiums and absent de-escalation amid ongoing hostilities underpin this positioning, with rare exceptions like a Saudi crude shipment hugging Iran's coast on March 29. Resolution hinges on ceasefire progress or escalation risks before month-end.

Trader consensus on Polymarket reflects a 79.5% implied probability that Strait of Hormuz shipping traffic will not normalize by April 30, anchored by Iran's "toll booth" control four weeks into the US-Iran conflict following late-February strikes. Daily vessel transits have collapsed over 90% from the typical 130–150 to single digits—often AIS-dark or selective, as shown in MarineTraffic timelapses through March 26 and just one visible crossing in the past 24 hours at 0.7% of normal. Surging war-risk insurance premiums and absent de-escalation amid ongoing hostilities underpin this positioning, with rare exceptions like a Saudi crude shipment hugging Iran's coast on March 29. Resolution hinges on ceasefire progress or escalation risks before month-end.

Experimental AI-generated summary referencing Polymarket data · Updated

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Frequently Asked Questions

"Strait of Hormuz traffic returns to normal by end of April?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 21% for "Yes." For example, if "Yes" is priced at 21¢, the market collectively assigns a 21% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Strait of Hormuz traffic returns to normal by end of April?" has generated $1.5 million in total trading volume since the market launched on Mar 9, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Strait of Hormuz traffic returns to normal by end of April?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Strait of Hormuz traffic returns to normal by end of April?" is 21% for "Yes." This means the Polymarket crowd currently believes there is a 21% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Strait of Hormuz traffic returns to normal by end of April?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.