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

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Bulls Say, Bears Say

Bulls Say

US-Iran nuclear talks have resumed, creating diplomatic pressure to ease tensions

Weekly price surge of +12% signals growing market belief in near-term resolution

Economic pressure on Iran from sanctions may incentivize de-escalation before April end

Bears Say

Current 24¢ price reflects only 24% probability, with market heavily favoring NO at 77¢

No supporting news exists to indicate imminent normalization of Hormuz traffic

Daily price drop of -3% shows fading short-term confidence despite weekly gains

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