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    Home»Economy»Strait of Hormuz De Facto Closure
    Economy

    Strait of Hormuz De Facto Closure

    DailyWesternBy DailyWesternMarch 7, 2026No Comments1 Min Read
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    Strait of Hormuz De Facto Closure
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    Polymarket (8pm CT 3/6) reads 97% probability of closure by 3/31, as defined by the contract as an 80% reduction in 7 day moving average in traffic.

    Strait of Hormuz De Facto Closure

    Source: Polymarket, accessed 3/6/2026 8pm CT.

    Source: Bloomberg, 3/6/2026.

    If the closure is sustained, then Bloomberg Economics predicts $108/bbl oil.

    This entry was posted on March 6, 2026 by Menzie Chinn.

    closure Facto Hormuz Strait
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