US Senate rejects war powers resolution, keeps military action option open

The US Senate rejected the war powers resolution, keeping the door open for further military action. The likelihood of a US-Iran diplomatic meeting by June 30 sits at 1.8% YES.

The ongoing Strait of Hormuz blockade and stalled peace talks have traders skeptical about a diplomatic breakthrough. The market for a US-Iran meeting by June 30 holds at 1.8% YES, unchanged after the Senate vote. The market for Iran agreeing to end uranium enrichment by April 30 dropped to 39.3% YES, down from 42% yesterday.

The market for Trump agreeing to Iranian oil sanction relief in April is flat at 36.5% YES. The Senate vote signals continued hardball, with volume at $2,731 in USDC exchanged at current odds.

The blockade complicates any diplomatic path forward. Without a Senate constraint on military action, Trump’s negotiating position becomes more aggressive, which reduces the odds of US concessions. Buying YES at 1.8¢ implies a 55.5x return if a meeting occurs, a bet that requires belief in rapid diplomatic de-escalation.

Watch Major Garrett’s CBS interviews for Senate leadership reactions, and track Iranian state media for shifts in negotiation stance. Any update from Abbas Araghchi or a surprise diplomatic overture could move these markets fast.

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