Iran Proposes Nuclear Deal Amid Ceasefire Odds

Iran’s Nuclear Proposal and Ceasefire Odds

• Iran’s former foreign minister suggested limiting the nuclear program in return for lifting sanctions and reopening the Strait of Hormuz.
• The likelihood of a ceasefire by April 7 has decreased to 1% from 2%, with market skepticism evident.
• Ceasefire odds for April 15 are at 6%, April 30 at 18%, and May 31 at a higher probability of 36% YES.
• Daily trading volume is significant, reaching $431,402 in USDC, with a thin order book for April 7 requiring just $12,352 to shift prices by five points.

Iran’s proposal lacks official backing, making it unlikely to sway traders. Market odds show skepticism about an imminent ceasefire, with only a slight increase expected by May.