US close to major solution on Iran, says Energy Secretary

US Energy Secretary Chris Wright told Fox News that Washington is “close to a major solution” on Iran. The market for no US-Iran diplomatic meeting by June 30 now sits at 3.7% YES, up from 2% yesterday.

Wright’s statement moved markets slightly, suggesting some progress in talks mediated by Pakistan. Trump’s agreement to Iranian demands in April dropped to 28.0% YES, down sharply from 62% just 24 hours ago. The Iran uranium enrichment agreement market is at 32.9% YES.

Trading volume tells a more cautious story. The diplomatic meeting market’s daily volume was $16,862 in face value but only $400 in actual USDC, with just $462 needed to move the odds 5 points. The Trump agreement market saw $24,072 in actual USDC traded, a much thicker book but still reflecting trader caution despite Wright’s optimism.

Wright’s comments offer no details on what the “major solution” actually involves. Without specifics on sanctions relief or nuclear terms, traders are pricing accordingly. At 27.8¢, a YES share on ending uranium enrichment pays $1 if resolved by April 30, a 3.6x return. The low price suggests traders want more than vague assurances before betting on a real breakthrough.

Watch for official White House announcements or new diplomatic developments in Islamabad. Confirmation of a meeting venue or a concrete shift in US or Iranian policy could move these markets fast.

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