8 PM ET today is the deadline set by President Donald Trump for Iran to reopen the Strait of Hormuz, a vital artery for the global oil trade. Through Truth Social, the president warned of imminent attacks on critical infrastructure, such as power plants and bridges, if an agreement is not reached. The escalation reached a breaking point following the refusal of Russia and China at the UN to intervene in the reopening of the passage, which has been blocked since February due to regional conflict.
This scenario has generated immediate volatility in the markets. While crude oil prices remain at highs, Polymarket traders reflect global uncertainty; in just one hour, the odds of a deadline extension jumped from 35% to 66%. The crypto community is closely monitoring the situation, as the outcome of this geopolitical conflict will determine the direction of safe-haven assets and the stability of energy markets in the coming hours.
With Pakistan’s mediation still ongoing and the world awaiting the expiration of the deadline, the market is bracing for a possible announcement of the end of military operations by June (74% probability according to bets). The next step depends on Tehran’s response before the presidential clock runs out.
Source:https://polymarket.com/event/trump-announces-hormuz-deadline-extension-today
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