UK Prime Minister Keir Starmer and US President Donald Trump discussed resuming shipping in the Strait of Hormuz following a shooting incident involving Trump. The market for the UK sending warships through the strait by April 30 now sits at
The Starmer-Trump call comes as the Strait of Hormuz remains a flashpoint in the Iran-US conflict. The market dropped from 2% yesterday and 12% a week ago. High-level coordination between London and Washington has coincided with traders marking down the likelihood of a UK naval response. With only six days until resolution, the odds suggest the market is pricing in a diplomatic outcome rather than military escalation.
Trading volume is modest: $233 in real USDC with $783 order book depth to move the price 5 points. The largest recent move was a drop from 2% to 1.5%, apparently reactive to the Starmer-Trump call. The thin depth means a single large order could move the odds significantly, something traders in this market should account for.
The Starmer-Trump dialogue points toward coordination on stabilizing Hormuz shipping routes rather than preparing for a UK naval deployment. At current levels, buying YES at
Watch for official statements from the UK Ministry of Defence or allied naval movements in the coming days. Any confirmation of naval mobilization would be the most direct catalyst for this market.
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