Iraq Thanks Iran for Tanker Passage Amid Tensions
- Iraq expressed gratitude to Iran for permitting its tankers to navigate the Strait of Hormuz despite ongoing conflicts.
- The probability of a US-Iran ceasefire by April 7 is at 1% YES, down from 2% yesterday and 12% a week ago.
- April 15 ceasefire odds are at 6% YES, decreasing from 8% the previous day.
- April 30 market shows an 18% YES chance, down from 24% a day earlier.
- Daily trading volume stands at $3.7M, with $430K USDC exchanged; it requires $12K to shift April 7 market prices by five points.
The safe passage of Iraqi tankers indicates minor de-escalation between Iran and Iraq. However, the low odds for a near-term ceasefire reflect skepticism in the markets.
Source (3.2)https://cryptobriefing.com/iraq-thanks-iran-for-allowing-tankers-through-strait-of-hormuz-amid-tensions/?rand=59535
