BlockBeats News, March 31st, according to Xinhua News Agency, the Chinese Ministry of Foreign Affairs stated that recently three Chinese vessels passed through the Strait of Hormuz and expressed appreciation for the assistance provided by relevant parties. The Strait of Hormuz and its adjacent waters are important international passageways for goods and energy trade. China has called for an immediate ceasefire to restore peace and stability in the Gulf region.
Earlier today, U.S. government officials revealed that President Trump has informed his aides that he is willing to end U.S. military action against Iran even if the Strait of Hormuz remains mostly closed. This move could prolong Tehran's firm control over the waterway, leaving the reopening of the strait as a complex operation to be dealt with later. Trump and his aides recently assessed that the task of reopening this vital passage would extend beyond his set timeframe of four to six weeks.
According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "The Strait of Hormuz reopening by the end of April" has been continuously decreasing and has now fallen to 17%.
