Iran’s Foreign Minister Abbas Araghchi said Iran is weighing a negotiation proposal from Trump, pushing odds of a US-Iran ceasefire by April 30 to 2.6% YES, up from 2% yesterday.

The ceasefire market moved slightly, but with just one day left, substantial progress is unlikely. Traders appear to be hedging on last-minute diplomacy. The uranium stockpile surrender market for June 30 sits at 21.5% YES, even with Iran’s stated willingness to consider talks.

The ceasefire market has $70,162 in USDC volume, and it takes only $1,096 to shift the odds by five points. The largest move was a 48-point spike earlier this month, which shows traders react fast to negotiation headlines. The uranium surrender market is thinner: $1,439 is enough to move the April 30 contract five points.

Araghchi’s statement is more noise than signal without a concrete agreement. For traders, the contrarian math is straightforward: buying YES at 3¢ pays $1, a 33x return if a ceasefire is announced within 24 hours.

Watch for official announcements from the Trump administration or a confirmed schedule for talks. Iran’s next move will likely come from Araghchi or from Trump following internal U.S. deliberations.

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