## Market Snapshot
Iran ceasefire continuation markets are priced at 96.4% YES through May 27 and 92.5% YES through May 31, both up roughly 2–3 points over the prior 24 hours. The May 27 sub-market carries over $141,000 in daily actual volume.
## Key Takeaways
– Araghchi’s physical arrival in Doha appears consistent with active facilitation of US-Iran diplomatic engagement, supportive of YES outcomes across near-term ceasefire sub-markets. – Pricing suggests participants view Qatar’s mediation role as a key indicator for ceasefire continuation, with the May 27 contract now at its highest level in recent sessions. – The simultaneous presence of Parliament Speaker Ghalibaf suggests a broader Iranian mandate, consistent with scenarios where a formal agreement framework is under active negotiation.
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