## Market Snapshot
Iran agrees to end enrichment of uranium by December 31: currently priced at 52% YES, unchanged over 24 hours. Iran agrees to surrender enriched uranium stockpile by December 31, 2026: currently priced at 46.5% YES, up from 42% in the past 24 hours. US obtains Iranian enriched uranium by May 31: currently priced at 3.9% YES, slightly down from 4% 24 hours ago.
## Key Takeaways
– Iran’s statement rejecting the handover of enriched uranium appears to decrease the likelihood of a nuclear agreement by the December 31 deadline. – Markets suggest a lessened probability of the U.S. obtaining Iranian enriched uranium, as indicated by the current pricing trends. – The market response is consistent with a scenario where Iran maintains its hardline stance, impacting related geopolitical negotiations.
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