🧵 My take on the Polymarket question: “Will Iran close the Strait by March 31?” — I’m betting NO.
Yes, Iran’s Revolutionary Guards have issued very strong warnings and attacks have disrupted shipping through the Strait of Hormuz. Many companies have pulled vessels, and insurers are canceling war risk cover - essentially making the area too risky for normal traffic right now.
But a true 80% sustained drop in moving averages caused directly by Iran’s actions - that’s a high bar. Shipping data shows near-halt activity at the moment, but that’s largely due to multiple parties choosing safety first - not an enforced legal blockade.
Fully closing the Strait would hurt Iran’s own export economy and risk broad military escalation. Tehran also relies on that route for its oil trade, including shipments to big partners.
Right now we’re seeing a de-facto disruption, not a sustained, enforced, measurable collapse as defined by the market. So my view is that by March 31 the conditions for a “Yes” don’t seem likely, even if tension and delays remain.
I think the market may be pricing emotion and risk premiums - not the technical trigger needed to resolve YES.
🔍 So I’m leaning NO - shipping will still find some way to move or resume de-facto once immediate pressure fades.