## Market Snapshot The US-Iran agreement market for May 26 sits at 15% YES, down sharply from 70% twenty-four hours ago. The June 7 contract prices at 63.5% YES, down from 87% over the same period.

## Key Takeaways – Near-term contracts appear consistent with markets viewing an imminent US-Iran deal as highly unlikely following Trump’s public ultimatum. – The steep term-structure jump from 15% (May 26) to 63.5% (June 7) suggests market participants view any agreement as contingent on a catalyst still weeks away. – Trump’s on-record demand appears to have introduced a new and contentious precondition, pricing supportive of NO outcomes across short-dated contracts.

## Article Body President Donald Trump posted on Truth Social Monday, formally requesting that Saudi Arabia, Qatar, and Turkey sign the Abraham Accords as part of any Iran negotiations framework. Trump described the request as “mandatory,” directing US representatives to complete the process. Qatar has served as a key intermediary in ongoing US-Iran diplomatic exchanges. The demand introduces a normalization-with-Israel condition that Iran has historically treated as a red line. Previous coverage noted the Trump administration had already hardened its posture, requiring Iran to surrender nuclear material before any sanctions relief.