U.S. President Donald Trump expressed optimism about resolving the ongoing conflict with Iran, suggesting the war would end soon and that the Strait of Hormuz is largely open. This statement comes amid efforts to restore commercial traffic through this strategic oil transit route between Iran and Oman. Prediction markets have lowered the odds of a U.S.-Iran agreement to fully reopen the Strait: 41.5% by August 15, down from 64% twenty-four hours earlier, and 58.5% by August 31, down from 73%. These figures reflect tempered market expectations for an imminent diplomatic resolution.
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