Iran’s UN ambassador says Tehran is open to talks if the US removes the blockade. Ceasefire by April 30 is at 15% YES, down from 32% yesterday.
The Iranian statement comes amid ongoing mediation efforts by Pakistan. Tehran’s condition ties any talks to prior US action on the blockade. The ceasefire market reflects that skepticism, with April 30 odds dropping to 15% despite the news.
Trading on this market remains active, with daily face value at $213,788 but only $68,607 in actual USDC. It takes $4,074 to move the price 5 points, a relatively thin market where large orders could sway the odds.
Without immediate US concessions, this is a rhetorical shift rather than a policy change. Traders are treating the statement as conditional, not a breakthrough. A YES share at 15¢ pays $1 if resolved, a 6.67x return, a bet that hinges on swift diplomatic progress.
Key signals to watch: any US softening on sanctions or the blockade could quickly shift market sentiment. Statements from US Secretary of State Rubio and intermediaries like Oman would also indicate whether negotiations are actually moving.
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Related to This Story ▼ Iran rejects ceasefire extension, US blames Mojtaba Khamenei