Iran replenishing missile stockpiles faster than prewar levels: IRGC commander

An IRGC commander said Iran is replenishing its missile stockpiles faster than prewar levels. The “Iran military action by April 30” market on Polymarket is at 100% YES, already resolved.

Market reaction

The Iran military action by April 30 market is priced at 100% YES, meaning traders treat Iran’s action as a settled fact. The UK strike Iran by April 30 market sits at 0.7% YES, unchanged despite the news, showing traders see almost no chance of UK involvement. The US declaration of war on Iran by December 31, 2026 market is at 6.5% YES, down slightly from 7% yesterday.

Why it matters

Iran’s faster stockpile replenishment signals an effort to maintain military pressure during the ceasefire. The UK-related markets have only $58 in USDC traded, and it takes just $273 to move the odds by 5 points. These are extremely thin markets where a single trader could shift prices meaningfully. The largest price move in the last 24 hours was negligible.

What to watch

The 6.5% odds on the US declaration of war market could move quickly on any direct confrontation or breakdown in diplomacy. Donald Trump’s statements, Pentagon updates, or shifts in UK military posture are the most likely catalysts. Iran’s replenishment pace during a ceasefire adds pressure that could change the calculus on broader escalation.

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