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Iran’s call for a permanent ceasefire clashes with rising conflict. Odds for a ceasefire by April 7 have dropped to 1% YES, down from 12% last week.
Strikes on Khuzestan’s petrochemical sites and Israel’s evacuation warnings for southern Lebanon have traders doubting a quick ceasefire. April 15 ceasefire odds are at 6% YES, down from 22% last week. The April 30 market shows 18% YES, a significant fall from 40% last week.
Trading volume reveals market sentiment. April 7 sees $22,948 in daily USDC traded, with $12,352 needed to shift the market 5 points, indicating volatility. The April 30 market, with $197,596 in daily USDC traded, suggests more serious bets, but only a 2-point price move shows limited confidence in a swift resolution.
The report from @FirstSquawk highlights escalating tensions. US-Israeli airstrikes on economic targets and Israel’s evacuation orders reduce diplomatic prospects. A YES share at 1¢ for an April 7 ceasefire pays $1 if it resolves, but chances are slim without a sudden diplomatic shift.
Watch for statements from CENTCOM or diplomatic efforts from Oman and Qatar. Any change in talks could alter market dynamics, but military actions remain the focus.
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