A political risk consultant has warned that the Strait of Hormuz ceasefire could collapse. The odds of a US-Iran permanent peace deal by April 22, 2026, are at 14.5% YES, down sharply from 40% just 24 hours ago.
The US-Iran peace deal market has moved fast. With only four days until the truce expires, traders are pricing in the consultant’s assessment and continued military posturing. The odds of Trump meeting with Iranian officials by April 30 have also dropped, falling to 13.2% YES from 22% yesterday.
The peace deal market trades about $587,370 in USDC daily, with $9,449 needed to move the odds by 5 percentage points. That makes it relatively deep, though the recent 5-point drop shows large moves still happen. The meetings market is much thinner: just $214 moves the odds 5 points, leaving it far more exposed to volatility.
The current ceasefire is fragile, with violations already reported on both sides. Traders are pricing in escalation over resolution. Buying YES in the peace deal market at 14.5¢ pays $1 if a deal is reached, a potential 5.1x return. Given the four-day window and ongoing military activity, that bet carries substantial risk.
Watch for statements from Pakistani intermediaries or updates from US or Iranian officials that could signal renewed talks. Any movement there would likely reprice both markets quickly.
Get prediction market intelligence as a structured API feed. Early access waitlist.
Us X Iran Permanent Peace Deal| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 22, 2026 | 14.5% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30 | 14.4% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 21, 2026 | 22.5% | — | — | Trade → |
