If number of transit calls through the Strait of Hormuz as reported by the IMF PortWatch is above 40 from Apr 13, 2026 to Apr 19, 2026, then the market resolves to Yes. The total is calculated by summing daily counts from Apr 13, 2026 to Apr 19, 2026. The market will resolve no earlier than Tuesday at 9 AM following the end of the period, once complete data is available.