## Market Snapshot

The May 26 US-Iran agreement market sits at 17.5% YES, down sharply from 72% 24 hours ago. The June 7 contract has retreated to 63% YES from 88%, suggesting participants view any near-term deal as unlikely but a longer window remains open.

## Key Takeaways

– Near-term pricing appears consistent with a NO outcome, with the May 25 contract collapsing to 5.2% YES from 65% in 24 hours. – Rubio’s “another way” framing suggests participants view military or coercive alternatives as increasingly relevant scenarios. – The June 7 contract’s relative resilience — still at 63% YES — appears consistent with markets pricing a possible catalyst in the May 26–June 7 window rather than an imminent resolution.

## Article Body