Iran rejects Trump's terms for lifting Hormuz blockade amid nuclear tensions

## Market Snapshot

In the market for a potential new US-Iran agreement or ceasefire extension by June 7, the current pricing stands at 64.5% YES. This reflects a significant move from 36% YES 24 hours ago. For the US-Iran nuclear deal by June 30, the market is priced at 45.5% YES, up from 36% a day prior.

## Key Takeaways

– Iran’s denial of a deal being reached suggests a continued impasse in US-Iran negotiations. – The rejection of Trump’s terms appears consistent with a setback in reaching a ceasefire extension. – The market’s pricing indicates decreased likelihood for both a near-term diplomatic meeting and a nuclear deal by June 30.

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