Polymarket traders assign a 21% implied probability to the Bab el-Mandeb Strait—handling 12% of global seaborne oil trade—being effectively closed by September 30, per IMF PortWatch's 7-day moving average of ship arrivals falling to 10 or below, amid Houthi threats escalated since April 19 in response to U.S. obstruction of Iran peace talks and the ongoing Strait of Hormuz blockade. Persistent over 190 drone and missile incidents have slashed oil transits to 4 million barrels per day from pre-crisis peaks of 9 million, sustaining a geopolitical risk premium that lifted Brent crude to $107.54 per barrel on May 15, up 8% monthly, while rerouting via Africa's Cape of Good Hope has spiked Baltic Dry Index to 3,195 and war-risk insurance to $3.6 million annually per vessel. Upcoming U.S.-Iran negotiations and FOMC policy signals could intensify volatility, though historical proxy threats have faltered against naval coalitions.
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...?
$2,836,677 Vol.
May 31
3%
June 30
13%
September 30
20%
$2,836,677 Vol.
May 31
3%
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: May 5, 2026, 8:25 PM 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 21% implied probability to the Bab el-Mandeb Strait—handling 12% of global seaborne oil trade—being effectively closed by September 30, per IMF PortWatch's 7-day moving average of ship arrivals falling to 10 or below, amid Houthi threats escalated since April 19 in response to U.S. obstruction of Iran peace talks and the ongoing Strait of Hormuz blockade. Persistent over 190 drone and missile incidents have slashed oil transits to 4 million barrels per day from pre-crisis peaks of 9 million, sustaining a geopolitical risk premium that lifted Brent crude to $107.54 per barrel on May 15, up 8% monthly, while rerouting via Africa's Cape of Good Hope has spiked Baltic Dry Index to 3,195 and war-risk insurance to $3.6 million annually per vessel. Upcoming U.S.-Iran negotiations and FOMC policy signals could intensify volatility, though historical proxy threats have faltered against naval coalitions.
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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