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The probability of Iran blocking the Strait of Hormuz has soared to 47%.
[The probability of Iran blocking the Strait of Hormuz has soared to 47%] According to the latest data from Polymarket, on June 14, the possibility of Iran blocking or closing one of the world’s most critical maritime chokepoints, the Strait of Hormuz, rose to as high as 45%. Data shows that this possibility is almost double the 24% from June 11. Just a few hours ago, Israel finally fulfilled its long-standing threat to strike Iranian nuclear facilities. Blocking the Strait of Hormuz could cause Brent crude oil prices to soar above $120.