Hormuz Re-opening Odds and Brent June Futures

From data 10 min ago:

Figure 1: Brent, NYMEX June Futures, $/bbl (black, left log scale), probability of Hormuz remains closed as of July 1 (red, right scale). 4/27 observation at 9:30am CT. Source: barchart.com, kalshi.com, author’s calculations.

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