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Iran’s rial hits record low amid US-Israel ceasefire, oil prices expected to rise

By Estefano Gomez · Published April 29, 2026 · 2 min read · Source: Crypto Briefing
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Iran’s rial plunged to a record low of 1.8 million to $1 as the tenuous ceasefire with the U.S. and Israel holds. Market odds for Reza Pahlavi’s entry into Iran by June 30 have ticked up, alongside expectations for higher crude oil prices.

The currency crash has nudged the Reza Pahlavi entry market upwards, with a 7% expected increase in the likelihood of his return. The Iranian regime fall by June 30 sits at 7.5% YES, down slightly from 8% yesterday. Traders are hedging against immediate regime collapse even as the rial collapses.

Crude oil markets are reacting to this with bets on oil prices hitting $90 by end of June. The blockade on Iranian oil shipments and the potential for renewed closure of the Strait of Hormuz have traders pricing in tightened supplies. The geopolitical tension is expected to increase the likelihood of higher oil prices by 15%.

The market’s tepid reaction to the rial’s depreciation suggests traders remain cautious. The regime has survived past economic crises, and that history likely informs the skepticism. The Iranian regime fall by April 30 remains at 0.1% YES, with just a day left to resolve.

For contrarians: YES shares for regime change by June 30 are priced at 8¢, offering a 12.5x return. To justify buying, you’d need to believe economic instability will produce significant political change within 62 days.

Watch for any shifts in IRGC loyalty, unexpected movements by the Assembly of Experts, or escalating international pressure. These are the signals that could move market odds sharply.

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Will The Iranian Regime Fall April 30
Contract Odds Δ since publish Volume 24h
April 30 0.1% Trade →
Will The Iranian Regime Fall June 30
Contract Odds Δ since publish Volume 24h
June 30 7.5% Trade →
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