Iran’s seizure of commercial ships in the Strait of Hormuz and U.S. interception of Iranian projectiles have raised tensions. Trump’s ultimatum to Iran for a peace plan within “a few days” has pushed the odds of a ceasefire end by April 21 to ? YES.
The odds for diplomatic meetings with Iran by April 30 remain low at 3% YES. Mediators are scrambling to arrange a U.S.-Iran meeting, but the market reflects skepticism about diplomatic progress. The ship seizures and missile interceptions point to escalating tensions, and traders are pricing diplomacy as less likely.
Combined 24-hour volume for the diplomatic meeting market is $131,927, but only $5,862 in actual USDC traded, which signals low conviction. It takes $2,542 to move the price 5 points, so current odds are relatively stable barring major news. The largest recent price move was a 1-point drop.
At ? YES, a YES share pays $1 if Trump declares the ceasefire over. The diplomatic meeting market at 3% means traders are betting against an immediate breakthrough, but a surprise meeting could shift sentiment quickly.
Watch for official statements from the White House or the Pentagon on military actions or ceasefire status. Any signal of a breakdown or further escalation will move these markets.
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Who Will Meet With Iran April 30| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30 | 3.1% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30, 2026 | 9.8% | — | — | Trade → |
| December 31, 2026 | 41% | — | — | Trade → |
| June 30, 2026 | 32.5% | — | — | Trade → |
