Suez canal closes before April?
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ALL
Before Apr, 2024 (+0)
$24,317vol
No
Rules summary
If the Suez Canal has been closed for any point in time by Mar 31, 2024, then the market resolves to Yes. Outcome verified from Suez Canal Authority and Bloomberg.
Timeline and payout
About
Over 10% of global trade passes through the Suez Canal each year. However, thanks to ongoing attacks from Iranian-backed Houthi rebels, that number may drop significantly in 2024. Several high-profile companies, including oil giant BP and the shipping behemoth Maersk, have paused their traffic in the area. Will the ongoing rebel attacks force the Suez Canal to close before April of 2024, or will a U.S.-led military coalition succeed in bringing the violence to a halt?
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