President Trump says the U.S. Navy has cleared the Strait of Hormuz of mines and secured full control of the waterway, reopening it to approved commercial traffic. Prediction markets, meanwhile, still see only a low chance of a formal U.S.-Iran agreement over the strait within the next week.
President Donald Trump said the U.S. Navy has taken full control of the Strait of Hormuz and reopened the waterway to approved commercial traffic. According to Trump, the Navy achieved "100%" control of the passage after clearing it of mines.
The declaration comes amid ongoing tension between Washington and Tehran over maritime control in the Gulf. The U.S. has run naval operations to secure safe passage through the strait, while Iran has contested the U.S. actions and called for an end to the hostilities.
The announcement appears to reflect continued escalation in maritime security operations rather than a full restoration of normal shipping, since access remains selective. Confirmation of unrestricted shipping or a joint U.S.-Iran statement could move market sentiment further, while new reports of hostilities or restricted access could keep uncertainty elevated as the August 15 deadline for a potential agreement approaches.
Prediction markets tied to a wider U.S.-Iran agreement send a mixed signal on timing. A market on an agreement being reached by August 15 priced an 8% chance of a "yes" outcome, unchanged over the past 24 hours but down sharply from 36% a week earlier. A separate market tracking a resolution by August 31 showed a 26% chance instead.
The gap between the two markets suggests traders see a formal deal as more likely by the end of the month than within the next week.
Source: Crypto Briefing
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