## Market Snapshot

The “Iran Military Action Against Neighbors” market is currently priced with increased YES likelihood following news of U.S. and Israeli preparations for military action against Iran. The “Israel-Iran Permanent Peace Deal” market has decreased to 12.5% YES, reflecting skepticism about a near-term peace agreement.

## Key Takeaways

– The announcement of U.S. and Israeli military preparations appears to increase the likelihood of Iranian military action against its neighbors, suggesting heightened regional conflict risks. – Markets suggest a decreased probability of achieving a permanent peace deal between Israel and Iran by June 2026, consistent with recent military developments. – The news does not appear to impact the market concerning Iran’s leadership status by the end of 2026, indicating stability in leadership expectations.

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