## Market Snapshot
US Iran Agreement/Ceasefire Extension market currently shows 47.5% YES, reflecting a rise from 36% in the last 24 hours. The Iran Airspace Closure market shows 8.4% YES, down from 14% a day earlier. WTI Crude Oil prices market remains at 0.1% YES for hitting $150 in May.
## Key Takeaways
– The Pentagon chief’s statement appears to decrease the likelihood of a US-Iran ceasefire extension by June 7. – The market reflects a decrease in the probability of Iran closing its airspace by May 31, despite heightened tensions. – The potential for renewed U.S. strikes on Iran may indicate an increased risk for disruptions affecting WTI crude oil prices.
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