Strait of Hormuz traffic to return to normal as soon as August, Kalshi traders speculate

Odds that the Strait of Hormuz traffic will return to normal before August surpassed 50% after U.S. President Donald Trump announced a deal with Iran on Sunday, which includes reopening the strait. Chances that the strait's traffic will return to normal before August sit at 58% on Kalshi. The last time those odds were that high was in late May. Other markets also saw jumps, with a 75% probability that traffic will return to normal before the end of this year. …