
Updated Today
Japan's naval presence in the Strait of Hormuz—critical to global oil trade—remains unlikely by April 30, 2026, though markets assign it a 22% probability. Such a move would signal a dramatic shift in Japan's defense posture and regional alignment amid broader geopolitical tensions.
Current Probability
If Yes wins
$8.00 return per $1
If No wins
$1.14 return per $1
Price Changes
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