White House confirms Jerome Powell investigation ongoing, US-Iran relations progress

The White House confirmed that its investigation into Jerome Powell is ongoing, contradicting earlier reports that the DOJ had dropped its probe. The same statement cited progress in US-Iran relations, and the market on whether Trump will agree to Iran’s oil sanction relief by April 30 remains unresolved with six days left.

The claimed progress in US-Iran relations could move the Iranian sanctions relief market, which has yet to resolve. Separately, the US-Iran diplomatic meeting locations market has dropped to 4.9% YES on “no qualifying meeting by June 30, 2026,” meaning bettors now see a meeting as very likely.

Trading volume across these markets is modest. The meeting location market trades $6,833 in daily USDC volume. The order book is thin: $141 is enough to shift prices by 5 points, and the biggest move in the past 24 hours was a 4-point drop, likely from a single order.

The White House statement contains no specifics on sanctions or deal terms, so the market impact is limited. If Trump announces any agreement on oil sanctions (via Truth Social or otherwise), a YES share on relief could pay off substantially. Without concrete details, the bet comes down to whether something tangible materializes before April 30.

Watch for statements from CENTCOM and official White House communications on Iran. A formal announcement on sanctions relief or a confirmed diplomatic meeting could move these markets sharply.

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