Pakistan released Iran’s delegation list for the Islamabad talks. The US-Iran ceasefire by April 15 market sits at
Market reaction
The market trades with zero daily face value, meaning liquidity is low. Small trades could move the odds significantly in either direction. The ceasefire market holds at
Why it matters
The Islamabad talks, hosted by Pakistan, are focused on sanctions relief and military withdrawal. The release of the delegation list came through social media rather than official government channels, which limits its weight as a signal. Neither Trump nor Iranian Foreign Minister Araghchi has responded publicly, and traders appear to be waiting for direct statements from either side before repositioning.
What to watch
A concrete agreement from the Islamabad talks could push peace deal odds higher, particularly if it includes a framework for sanctions relief or military withdrawal. Without that, the permanent peace deal market is likely to stay where it is. Key signals to monitor: official statements from Trump or the Iranian foreign ministry, and any remarks from Pakistan’s Prime Minister Shehbaz Sharif. Iranian state media coverage of the talks would also indicate how seriously Tehran is treating the process.
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