## Market Snapshot
The market for the next US-Iran diplomatic meeting is currently seeing no active activity. The US-Iran nuclear deal by June is priced at 21% YES, down from 24% a day ago. The US-Iran nuclear deal by May 31 is at 7.5% YES, declining from 9% a day ago.
## Key Takeaways
– Trump’s rejection of Iran’s peace proposal appears to decrease the likelihood of a US-Iran diplomatic meeting. – The decision suggests a decrease in the probability of reaching a US-Iran nuclear deal by June. – Current market pricing is consistent with increased regional tensions impacting diplomatic negotiations.
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