Senior Israeli officials credit Trump with pushing through the ceasefire between Iran and Israel. The market for a US-Iran diplomatic meeting by June 30 sits at 2% YES, unchanged from yesterday.

The US-brokered ceasefire opens a potential diplomatic window, but the June 30 meeting odds haven’t moved. Traders remain skeptical about longer-term diplomatic progress. The market for a meeting by April 30 already sits at 100%, pricing in confidence that immediate diplomatic contact has occurred or will occur.

Netanyahu’s private opposition to the ceasefire has coincided with a slight drop in odds of him stepping down by June 30, now at 5.5%, down from 6% a day ago. Internal political friction hasn’t translated into real risk to his position.

The meeting market is thinly traded at just $91 in daily USDC volume. Only $381 would be needed to move the market 5 points, meaning a single large order could shift the price without any change in broader sentiment.

At current prices, traders are betting on the status quo. A YES share for a meeting by June 30 costs 2¢ and pays $1, a potential 50x return. That bet requires substantial diplomatic moves to materialize quickly.

Watch for Trump’s public statements and any confirmed logistical meetings in Oman or Switzerland. These would signal progress beyond the ceasefire itself.

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