This market will resolve to “Yes” if IMF PortWatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Bab el-Mandeb Strait less than or equal to 10 for any date between market creation and the listed date. Otherwise, this market will resolve to “No”. This market will resolve as soon as IMF PortWatch publishes a 7-day moving average of transit calls for the Bab el-Mandeb Strait equal to or below 10, or once data has been published for the listed date and no such value has been published. If no data has been published for the listed date within 14 calendar days (ET) after that date, this market will resolve based on the data published up to that point. Revisions to previously published data points made before data has been published for the listed date will be considered; however, they will not disqualify a previously published data point from qualifying. Revisions made after data has been published for the listed date will not be considered. The resolution source for this market will be IMF PortWatch, specifically the “Arrivals of Ships” data published for the Bab el-Mandeb Strait at https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730 , including both the chart and downloadable files.
Ticker
bab-el-mandeb-strait-effectively-closed-by
Volume
413.4K
24h volume
43.0K
1w volume
291.9K
Open interest
174.4K
Liquidity
107.1K
Liquidity CLOB
107.1K
Start
Mar 16, 2026
End
Apr 30, 2026
Status
Active
Access
Restricted
Created
Mar 16, 2026
Event ID
276527
Slug
bab-el-mandeb-strait-effectively-closed-by
Markets
2
Tags
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"question": "Bab el-Mandeb Strait effectively closed by April 30?",
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"context_description": "Amid escalating Iran-Israel tensions, Houthi rebels have joined the conflict with explicit threats to blockade the Bab el-Mandeb Strait—carrying 4.8 million barrels per day of oil trade, or 5% of global consumption—prompting trader consensus on heightened supply risks following the Strait of Hormuz's effective closure. Recent Houthi missile strikes on Israel and pledges for phased actions have depressed Red Sea transits by up to 60%, surging container freight rates and war-risk insurance premiums while oil futures price in $20/barrel upside per JP Morgan analysis. US troop deployments and potential coalition strikes loom as pivotal catalysts, with any blockade amplifying Middle East export constraints and volatility across energy benchmarks.",
"context_requires_regen": true,
"context_updated_at": "2026-04-01T01:34:56.875Z"
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