## Market Snapshot
Iran’s leadership change market shows a 34.5% YES pricing for a change by December 31, up from 30% a week ago. The leadership status market by the end of 2026 is at 3.2% YES, with little change over the past week.
## Key Takeaways
– Pezeshkian’s remarks suggest an emphasis on national unity, potentially indicating regime consolidation following Supreme Leader Khamenei’s death. – The leadership change market indicates increased likelihood of a transition by December 31, with a significant pricing shift. – Little movement in markets related to Reza Pahlavi’s return to Iran, consistent with the focus on internal consolidation rather than external opposition.
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