US-Iran reach tentative deal pending Trump's approval

## Market Snapshot

The market for a U.S.-Iran agreement or ceasefire extension by June 7 is currently priced at 53% YES, down from 67% in the past 24 hours. Meanwhile, the odds of a U.S.-Iran nuclear deal by June 30 are at 44% YES, a decrease from 48% a day ago.

## Key Takeaways

– The announcement of a preliminary deal between the U.S. and Iran appears to increase the likelihood of an agreement by June 7. – Markets suggest that a diplomatic meeting between the U.S. and Iran is more probable following the reported deal. – The pending approval from Donald Trump is consistent with scenarios where a nuclear deal by June 30 becomes more likely.

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