Iran Clears Hormuz Mines, Pledges Open Strait in De-Escalation Push

Iran has removed sea mines from the Strait of Hormuz and committed to keeping it open, capping escalation risks. This follows President Trump's April 17 announcement of Iranian cooperation with U.S. aid to clear the mines, which spiked US-Iran peace deal odds: April 22 at 39.5% (from 12%), April 30 at 56.5% (from 17%), May 31 near 73%, June 30 at 81%. Trading volume reached $2.48M face value (~$711K USDC), with $16,312 shifting odds 5 points. UK warships odds by April 30 fell to 8% (from 12%). Reduced risks through the strait (21% of global petroleum) pressure WLDOIL lower.