The matrix today holds six active prediction clusters. Each cluster groups a set of chains sharing a common source event or thesis. Each chain ships with named transmission, an attenuating probability, source citations, and a locked verdict horizon. Hover the source-disputed marker for the source-side note; open the related-horizons rows to see sibling Polymarket windows on the same situation.
Hormuz Q3-Q4 2026
8 horizons pending (1 source-disputed) · 1 horizon closed (unclear) · situation active
Polymarket · bettor-implied · binary
Hormuz blockade lifted before 2026-06-30 (band: plausible, 54.5% at 2026-05-12 snapshot)
horizon pending
situation active
automatic
source disputed
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3 related horizons on the same situation
June 7 · June 15 · July 31 · all plausible, all pending
before Jun 7horizon pendingband: plausible
before Jun 15horizon pendingband: plausible
before Jul 31horizon pendingband: plausible
Polymarket · bettor-implied · binary
Hormuz blockade lifted before 2026-05-31
horizon closed: unclear
situation active
automatic
Chainge chain · Anne (operator angle) · W21
Ammonia and ethylene-glycol passthrough plus gas-fired reactor curtailment risk compresses margin at Dutch / Brabant specialty-chemicals SMEs through Q3-Q4 2026
horizon pending
situation active
partial
Operator observation · M. O'Leary, Ryanair CEO · 2026-05-19
Weaker EU budget carriers face serious financial pressure if Hormuz stays closed through Q3-Q4 2026
horizon pending
situation active
provenance pending
Chainge chain · DSO operator profile · W22 · on-site CHP
Hormuz / TTF elevation inverts on-site CHP spark spread; CHP exit depletes the regional DSO's local flexibility resource, creating ACM congestion and flexibility-revenue variance
horizon pending
situation active
observed
Chainge chain · DSO operator profile · W23 · on-site CHP
W23 evolution: CHP exit reverses feeder-flow direction (net-export to net-import), creating a qualitatively new import-congestion problem rather than just demand reduction; terminal ACM cost-disallowance riskrefines W22 framing
horizon pending
situation active
observed
operator-CEO pre-horizon readpartial: conclusion confirmed, mechanism challenged
The DSO operator (CEO) replied to the W22 cascade share on 2026-06-02. They confirmed the conclusion (congestion and electricity-side sensitivity outweigh the gas-side read) and challenged the mechanism (spark spread is one driver, not the dominant one; total flexibility value is the trigger). This is a directional read, not the scored verdict: both on-site CHP windows stay horizon pending until their horizons arrive. The W23 row inherits the same read. Verdict reading: partial; provenance: observed.
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earlier framings on this cluster (2)
Chainge chain · Anne · W20 backfill · refined into W21
Hormuz / CENTCOM blockade lifts Brent to $110-120; TTF / JKM +30-50%; ammonia and EG passthrough into Brabant CoatPro and toll-synthesis
horizon pending
situation active
partial
Chainge chain · Anne · W20 backfill · refined into W21
Hezbollah escalation raises probability of Hormuz interdiction; two-sided USD / EUR squeeze on Brabant REC / NdPr and chemicals
horizon pending
situation active
partial
Earlier framings are Chainge's earlier reads of this cluster, refined into the W21 primary chain. They stay scored at their original horizons for audit completeness and are excluded from the cluster rollup denominator so framing evolution is not double-counted.
China rare-earth decoupling Q3-Q4 2026
7 horizons pending · situation active
Chainge chain · Anne · W22 · CS3D + LKAB/India corridor
CS3D 2027 phased application, exported through OEM procurement scorecards, reprices Chinese-refined NdPr / REE feedstock for Brabant before any FTA tariff line moves
horizon pendingsituation active
partial
Chainge chain · Anne · W22 · Commission ACI (Reg 2023/2675)
ACI activation is regressive within the EU: Tier-1 majors absorb via stockpiles and bilateral contracts, mid-market SMEs are forced onto spot pricing on REC and NdPr
horizon pendingsituation active
partial
Chainge chain · Anne · W22 · methane reg + CBAM extension
MethaneSAT-grade attribution turns opaque upstream Chinese-refiner methane into quantified CBAM-scope-extension liability landing on the Dutch silane line
horizon pendingsituation active
partial
Chainge chain · Anne · W22 · Samsung court + Chips Act Art 26
EU Chips Act Article 26 is the dormant analog of the Korean essential-infrastructure framing; on activation, continuity obligations flow downstream as supplier-qualification clauses, pricing redundancy risk into mid-market chemical inputs
horizon pendingsituation active
partial
Chainge chain · Anne · W23 · Putin deployment law + Baltic EW
Dual-use export-control regime creeps over REE precursors via sanctions architecture, narrowing Brabant's supplier menu through a route distinct from FTA or ACI
horizon pendingsituation active
partial
Chainge chain · Anne · W23 · Huawei 1.4nm + Chips Act Art 37
Chips Act Article 37 provenance migration accelerates as Huawei's 1.4nm announcement repositions semiconductor-input continuity, cascading into Brabant REC and NdPr qualification urgency
horizon pendingsituation active
partial
Chainge chain · Anne · W23 · US-Iran / CAATSA + CNY-invoicing
CAATSA-style secondary sanctions plus CNY-invoicing pressure on Chinese refiners narrow Brabant's actual supplier menu, distinct from the Hormuz USD-clearing mechanism
horizon pendingsituation active
partial
EU electricity market reform to DSO flexibility revenue
2 horizons pending · first node checks resolved 2026-06-11 · 1 referenced from Hormuz · situation active
Chainge chain · DSO operator profile · W22 · electricity distribution
EU market reform mandates DSO flexibility procurement; an energy-vs-capacity product default plus distributed-generation-load correlation collapses aggregator participation, forcing reinforcement capex with no settled flexibility-cost recovery and compressing regulated return
horizon pendingsituation active
observed
first mechanical resolution · 2026-06-11
node 2
ACM consultation present: resolved yes
ontwerpmethodebesluit distributiesysteembeheerders elektriciteit 2027-2031, published 2025-09-22, ahead of the horizon
node 2
flexibility-cost pass-through absent: supported, pending
codebesluit congestiemanagement 2024-04-18 settles no flexibility-cost tariff recovery; methodebesluit 2027-2031 PDF curation pending on that specific point
The parent horizon stays pending. These are node-level checks; the terminal regulated-return claim still awaits operator data. The distinction between resolved and supported-pending is the kind of honesty this ledger is built to show.
Chainge chain · DSO operator profile · W23 · electricity distribution
W23 evolution: regulatory catch-22, ACM can use the EED energy-efficiency-first principle to disallow reinforcement capex submitted as a hedge against flexibility-market uncertainty; a distributed-generation-load-concentrated customer base makes the regional DSO simultaneously the most flex-rich and most design-sensitiverefines W22 framing
horizon pendingsituation active
observed
first mechanical resolution · 2026-06-11
node 2
ACM consultation present: resolved yes
same ontwerpmethodebesluit (2025-09-22), an ontwerpbesluit open for consultation, ahead of the horizon
The parent horizon stays pending. The GDELT news-linkage check on this node and the EZK transposition node are unchanged; the terminal regulated-return claim still awaits operator data.
Chainge chain · DSO operator profile · W23 · on-site CHP · cross-cluster
Strait pressure reaches the regional DSO's electricity distribution via on-site CHP feeder economics; shares the electricity-distribution terminal with this cluster's W22 flexibility-market chain, on a distinct trigger and transmission
horizon pending
situation active
NL grid: export-to-import congestion transition
1 horizon pending · structure grounded on public Dutch grid data 2026-06 · situation active
Chainge chain · DSO operator profile · W24-W25 · export-to-import timing
Electrification turns a regional DSO's feeders from net-export toward net-import; public Dutch grid capacity data already shows offtake congestion materially exceeding feed-in congestion, so reinforcement is committed on expected future offtake while the timing of the regime shift, when offtake overtakes feed-in, stays the open question
horizon pending
situation active
observed
EU specialty-chemicals input cost and REACH exposure
3 horizons pending · first profile on the Italian and ECHA harness · situation active
Chainge chain · specialty-chemicals producer profile · W24 · Italian energy cost base
Italian gas-market tightening, read off the ARERA reference series, lifts the energy-intensive Italian-production cost base of an EU specialty-chemicals producer
horizon pendingsituation active
observed
Chainge chain · specialty-chemicals producer profile · W24 · Chinese cost base
Chinese coal-grid power cost and environmental enforcement raise an upstream chemicals cost base, transmitting through the intermediate-supply network the producer depends on
horizon pendingsituation active
observed
Chainge chain · specialty-chemicals producer profile · W24 · EU REACH SVHC
A REACH SVHC candidate listing on a product-line substance would pressure EU OEM revenue; this is the one chain in the set that resolves mechanically against the public ECHA register, without operator judgment
horizon pendingsituation active
automatic
Every row now carries its evidence-path pill (automatic, partial, observed, or pending), so a reader sees not just the verdict but how it will resolve. Where a later week sharpened an earlier read, the rows sit under a shared chain timeline with a refines marker. Where one chain bridges two clusters, it is referenced from its primary cluster rather than double-counted. The ledger updates weekly.
On 2026-06-11 the EU-electricity cluster scored its first checks mechanically. Two node-level checks resolved against dated ACM documents by lookup, and one is supported pending document curation. The parent horizons stay pending, because their terminals await operator data. This is the page working as designed: a node resolves the moment a primary source can settle it, and the terminal waits for the evidence it needs.