The IRGC fires 16 missiles at US warships in the Strait of Hormuz, forcing them to retreat.

The IRGC reportedly fired 16 missiles at US warships in the Strait of Hormuz, prompting their retreat. The market on the UK’s military transit across the Strait by April 30 sits at 15.5% YES, down from 12% a week ago.

The missile shutdown has kept traders busy The UK marine market. With 14 days to settle, the market is undersold: the daily trading price is $24,906, but the real USDC price is $2,086 per day. It only takes $427 to move this market 5 percent.

The Strait of Hormuz traffic market he has fallen again, now on 73% YES, down from 60% 24 hours ago. The biggest move was a 4-point drop at 6:46 PM, meaning that traders acted quickly. The market is very liquid at $10,250 USDC which is traded daily, but it still moves easily due to its depth of $354 for a five point change.

Missile coverage is really high, but it doesn’t indicate an imminent conflict. It shows how strong the ceasefire is and how things remain in the Strait. A YES shares on 15.5¢ pays $1 if a UK warship passes through on April 30, a 16.67x return. That payment requires a diplomatic breakthrough or the UK’s decision to test the IRGC’s determination within two weeks.

Check out the statement from the UK Ministry of Defense and other IRGC activities. Confirmation of a UK or allied naval presence would be of great help, and any additional IRGC would likely make this clause less effective.

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