An Iranian delegation is set to arrive in Pakistan on Tuesday for peace talks, according to CNN via Al Hadath. The odds of Trump announcing a broken US-Iran ceasefire by April 21 are at 18% YES, up from 8% 24 hours ago.

The US-Iran ceasefire market spiked on the news. The April 21 sub-market jumped 3 points at 11:12 AM, driven by $3,485 in USDC traded. With three days until resolution, traders are repricing expectations around the diplomatic activity.

The delegation is led by Parliament Speaker Mohammad Bagher Qalibaf. His arrival in Pakistan for direct talks cuts against the likelihood of a ceasefire breakdown, but tensions remain, and the market reflects genuine uncertainty rather than confidence in a diplomatic outcome.

At 18¢, a YES share pays out $1, a 5.6x return. That bet requires believing there’s a real chance of ceasefire disruption even as talks proceed.

Watch for official statements from the Pakistan government or unexpected moves by Iran or the US. Vice President JD Vance is representing the US in Islamabad, and the next few days could bring rapid shifts in this market.

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