Trump has indicated flexibility on extending the ceasefire with Iran. The odds of a US-Iran ceasefire extension by April 21, 2026, are now at 82.5% YES, up from 70% a week ago.

Trump’s comment shifted market expectations toward an extension of the truce brokered by Pakistan. The ceasefire extension by April 21 has $89,960 in actual USDC traded daily. The market is somewhat sensitive, with $10,909 needed to move the odds by 5 points.

The odds of Trump meeting with Iranian officials by April 30 sit at just 13.5% YES, suggesting traders see the ceasefire extension as far more likely than any direct diplomatic contact. The meetings with Iran by April 30 market is thinner, with only $3,879 in actual USDC traded daily.

Trump’s statement opens a de-escalation angle, but without concrete actions, the shift is speculative. At 82¢, a YES share on the ceasefire extension pays $1, offering limited upside. The bet comes down to whether the Islamabad talks produce a formal extension within 5 days.

Watch for announcements from the Islamabad talks or public statements from Shehbaz Sharif or Abbas Araghchi. A confirmed extension or official US-Iran dialogue would move both markets sharply.

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