US and Iran nearing memorandum of understanding to extend ceasefire

## Market Snapshot

US-Iran agreement/ceasefire extension market is currently priced at 64.5% YES, up from 36% over the past 24 hours. This significant rise reflects a notable market reaction to recent reports of a nearing MOU.

## Key Takeaways

– The nearing finalization of a US-Iran memorandum of understanding appears to boost market confidence in an extended ceasefire. – Active negotiations suggest an increased likelihood of a formal diplomatic meeting announcement between the US and Iran. – The current reports are not relevant to Trump’s agreement to Iranian demands, as they focus on US-Iran talks under Biden.

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