Iran ready to abandon nuclear program, US Treasury Secretary announces

## Market Snapshot

The market for a US-Iran nuclear deal by June 30 is currently priced at 35.5% YES, down from 40% a day ago. The US-Iran agreement or ceasefire extension by June 7 is priced at 39.5% YES, a decrease from 44% in the past 24 hours.

## Key Takeaways

– The statement by U.S. Treasury Secretary Bessent appears to suggest progress in negotiations, which may support a new US-Iran agreement or ceasefire extension by June 7. – Pricing indicates a moderate increase in the likelihood of a US-Iran nuclear deal by June 30, reflecting the potential impact of Bessent’s announcement. – Markets appear to interpret Bessent’s remarks as significant, affecting the broader geopolitical context of US-Iran relations.

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