Polymarket traders assign a slim 5% implied probability to the Bab el-Mandeb Strait—handling 12% of global trade—registering an effective closure by May 31, defined as IMF PortWatch's 7-day average ship arrivals falling to ≤10, with odds rising modestly to 21% by September 30 amid Houthi threats tied to U.S.-Iran tensions and the ongoing Strait of Hormuz blockade. April warnings from Houthi officials failed to trigger qualifying drops, as transits held near 30 ships daily under multinational naval escorts, though rerouting via the Cape of Good Hope has driven the Baltic Dry Index to 3,189 (up 35% monthly) and container freight rates 45% higher year-over-year. Brent crude trades around $107 per barrel, embedding a geopolitical risk premium. Watch forthcoming IMF data and escalation risks for sentiment shifts.
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...?
$2,789,435 Vol.
May 31
4%
June 30
13%
September 30
20%
$2,789,435 Vol.
May 31
4%
June 30
13%
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 assign a slim 5% implied probability to the Bab el-Mandeb Strait—handling 12% of global trade—registering an effective closure by May 31, defined as IMF PortWatch's 7-day average ship arrivals falling to ≤10, with odds rising modestly to 21% by September 30 amid Houthi threats tied to U.S.-Iran tensions and the ongoing Strait of Hormuz blockade. April warnings from Houthi officials failed to trigger qualifying drops, as transits held near 30 ships daily under multinational naval escorts, though rerouting via the Cape of Good Hope has driven the Baltic Dry Index to 3,189 (up 35% monthly) and container freight rates 45% higher year-over-year. Brent crude trades around $107 per barrel, embedding a geopolitical risk premium. Watch forthcoming IMF data and escalation risks for sentiment shifts.
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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