Iranian Foreign Minister Abbas Araqchi cast doubt on US commitment to diplomacy, and the market for no US-Iran meeting by June 30 moved to 17.3% YES, up from 9% yesterday.

Traders read the statement as a sign of stalled progress, pushing odds higher. The June 30 market prices in skepticism about near-term diplomacy. For the April 24-26 meeting dates, odds are nearly flat, with April 26 at only 1.5% YES, meaning traders see little chance of immediate talks.

The volume tells a cautious story. Combined 24-hour face volume is $277,961, but actual USDC traded is just $27,334, with traders reluctant to commit heavily. It takes only $141 to move the June 30 odds by 5 points, so this market can swing on modest trades.

Araqchi’s skepticism looks more like noise than a definitive shift. Without confirmed dates or venues, the diplomatic process is still speculative. A YES share at 17¢ pays $1 if no meeting occurs by June 30, a 5.88x return.

Watch for signals from Pakistan or Oman about confirmed meetings. A statement from Trump or US envoys could also move the market. No talks are currently confirmed.

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