Polymarket's probability of opening last month was only 4%, which makes the negotiation leverage quite strong, but the market clearly doesn't believe in a quick resolution.

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BlockBeatNews
Iran proposes opening the Strait of Hormuz in exchange for U.S. compensation and demands discussions on sanctions and frozen funds.
BlockBeats News. May 23. Saudi media Alhadath reports that Iran has proposed opening the Strait of Hormuz in exchange for obtaining compensation from the United States. Iran requires that issues related to sanctions and frozen funds be discussed before signing any agreement.



According to monitoring by PolyBeats, on the prediction market Polymarket, the probability that the Strait of Hormuz will be open to navigation by the end of this month is 4%, and by the end of next month is 33%.
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