A special UN session on Monday discussed threats to global trade and energy supplies from disruptions in the Strait of Hormuz. The market on UK warships being sent through the strait by April 30 sits at 1% YES.
Market reaction
The “Will the United Kingdom send warships through the Strait of Hormuz by April 30, 2026?” market trades at 1% YES, down from 12% a week ago. With six days left to resolve, the odds reflect skepticism about immediate UK military action. Daily volume is just $233 in actual USDC. It would take $783 to move the odds by 5 percentage points, meaning even minor orders can shift the price.
In a related market, the probability of Hormuz traffic returning to normal by May 15 is at 19.5% YES. This market has more liquidity at $36,459 in daily USDC volume, pointing to greater trader interest in whether disruptions persist. The largest price move was a 2-point spike.
Why it matters
The UN session addressed the strait’s role as a chokepoint for roughly a fifth of global oil transit. But the session produced no concrete actions or commitments that would change military deployment timelines. For traders, UK warship deployment by April 30 looks increasingly unlikely. A YES share at 1¢ pays $1 if it resolves, a potential 100x return, but that requires believing a last-minute deployment decision is imminent.
What to watch
Any announcements from the UK Ministry of Defence or other naval powers could shift these odds. Updates on ceasefire negotiations or changes in Iran’s posture over the strait may also move expectations on both markets.
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Which Countries Will Send Warships Through The Strait Of Hormuz April 30| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30 | 1.1% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| May 15 | 19.5% | — | — | Trade → |
