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Geopolitics

Trump announces US blockade of Hormuz lifted by...?

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Bulls Say, Bears Say

Bulls Say

At 57% probability, market still favors a May 31 resolution as the base case

Iran-US nuclear negotiations create strong incentive for early deal and sanctions relief

Diplomatic momentum could accelerate a quick announcement before month-end

Bears Say

Sharp price decline of 24.5% over the past week signals eroding confidence in this timeline

No supporting news articles suggest negotiations are near a breakthrough

Low liquidity ($0.3M) makes the 57% price less reliable as a true probability signal