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
752.7K
24h volume
59.3K
1w volume
399.5K
Open interest
344.3K
Liquidity
66.2K
Liquidity CLOB
66.2K
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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"eventMetadata": {
"context_description": "Amid Houthi threats to close the Bab el-Mandeb Strait—escalated by Yemen's rebels warning of retaliation if Gulf states join US strikes on Iran—traders price in elevated disruption risks atop the ongoing Strait of Hormuz shutdown. This chokepoint handles 12% of global trade and 4-5 million barrels per day of oil, with rerouting via Africa's Cape already inflating container freight rates over 200% and insurance premiums. Brent crude hovers near $109 per barrel, up 50% in five weeks on supply fears, implying $20-40 per barrel added premium if closed. Polymarket's skin-in-the-game consensus reflects trader caution ahead of potential Houthi actions or diplomatic breakthroughs.",
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"context_updated_at": "2026-04-06T19:19:43.206Z"
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