Iran’s Foreign Ministry has flatly rejected any uranium transfer to the U.S., stating it “has never been an option.” The odds of an enrichment agreement by April 30 now sit at 25.2% YES, down from 50% just 24 hours ago.
Market reaction
Traders moved fast after Iran’s statement. The Iran agreeing to end uranium enrichment by April 30 market, which had surged to 50% YES, collapsed back to 25.2%.
The Iran surrender enriched uranium by April 30 market dropped too, with odds now at 33.7% YES, down from 65% yesterday. The term structure shows a 27-point jump between April 30 and June 30, meaning traders expect any potential resolution to be pushed further out.
Why it matters
Iran’s rejection kills expectations of a quick deal. Tehran is explicitly refusing to concede on its nuclear program, making a near-term agreement far less likely with only 12 days left before the April 30 deadline.
Total USDC traded in the enrichment agreement market is $34,430, with just $74 required to move the price by 5 points. That thin liquidity makes the market vulnerable to large swings from small trades, as the 4-point drop at 5:27 PM showed.
What to watch
Watch for statements from the IAEA and any new moves from mediating countries, particularly Oman and Pakistan. A shift in Iran’s position or a sudden political gesture from the U.S. could rapidly reprice these contracts.
A YES share at 25.2¢ pays $1 if the agreement happens by April 30, a 3.6x return. You’d need to believe in a dramatic diplomatic breakthrough within 12 days for that bet to pay off.
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Iran Agrees To End Enrichment Of Uranium April 30| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30 | 25.2% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April | 47.5% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30 | 33.7% | — | — | Trade → |
| December 31 | 70% | — | — | Trade → |
| June 30 | 58.5% | — | — | Trade → |
