Prediction Markets Keep Betting The Strait of Hormuz Will Reopen But What If This Is the New Normal?

Source: International Business Times

In this picture obtained from Iran's ISNA news agency on June 1, 2026, Iranians sit on Suru Beach in Bandar Abbas along the Strait of Hormuz. The United States and Iran traded strikes as negotiations between the two sides stalled and Tehran again insisted any peace deal must also cover Israel's escalating offensive into Lebanon. Amirhossein Khorgooei/AFP U.