## Market Snapshot

Iran’s ceasefire continuation market is experiencing a downturn, with scenarios now less supportive of a YES outcome. The Iran leadership status by end of 2026 is also seeing decreased confidence in stable leadership, as indicated by a reduction in YES pricing.

## Key Takeaways

– The escalation in military action involving the U.S. and Israel appears to decrease the likelihood of a sustainable ceasefire in Iran. – The reported death of Iran’s supreme leader could indicate increased instability in Iran’s leadership structure by the end of 2026. – The Israeli parliament dissolution market remains unaffected by the developments in Iran, suggesting the news is not directly impactful on Israeli internal politics.

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