US and Iranian negotiators reached a tentative memorandum of understanding in late May 2026 to extend the April ceasefire by 60 days, reopen the Strait of Hormuz, and initiate fresh talks on Iran’s nuclear program in exchange for limited sanctions relief, though the framework awaits final approval from President Trump and confirmation from Tehran. The proposal followed Pakistan-mediated indirect talks amid the broader 2026 conflict that began with US and Israeli strikes earlier in the year. As of early June, the truce remains fragile, with reported exchanges of missile and drone attacks on June 3 highlighting ongoing risks, while Trump has described negotiations as active yet uncertain in outcome. Key unresolved issues include enrichment limits, ballistic missiles, and regional proxy activities, with any formal US announcement of an extension or broader agreement hinging on diplomatic progress in the coming weeks.
Resumen experimental generado por IA con datos de Polymarket. Esto no es asesoramiento de trading y no influye en cómo se resuelve este mercado. · ActualizadoPresident Trump delays final decision on Iran peace proposal
June 3 dips to 2%1%
President Trump indicated he would make a 'final determination' on the peace proposal soon but had not yet approved the ceasefire extension deal. This uncertainty contributed to further declines in market prices for earlier resolution dates.
US conducts defensive strikes on Iranian missile sites amid fragile ceasefire
June 3 drops to 4%5%
U.S. Central Command confirmed defensive strikes against Iranian missile sites and boats in the Strait of Hormuz, described as responses to maritime threats. These actions tested the fragile truce and contributed to a sharp drop in market confidence for near-term ceasefire extension outcomes.
President Trump delays final approval of ceasefire extension deal amid ongoing strikes
June 3 drops to 4%13%
In early June, despite the tentative agreement, President Trump had yet to give final approval for the ceasefire extension deal. Concurrently, military strikes and tensions continued, causing a sharp decline in market prices, especially for near-term resolution dates.
U.S. Delegation Travel to Pakistan Cancelled Amid Diplomatic Friction
June 30 plunges to 48%15%
President Trump cancelled a planned representative trip to Islamabad, citing wasted travel time and leadership confusion in Iran, which severely depressed the probability of an imminent ceasefire extension agreement.
U.S. carries out defensive strikes in Iran amid ceasefire deal revisions
June 7 drops to 11%9%
The U.S. conducted 'self-defense' strikes in southern Iran targeting missile launch sites and boats in the Strait of Hormuz while President Trump requested changes to the proposed ceasefire extension deal. This heightened regional tensions and contributed to market uncertainty, lowering confidence in near-term ceasefire extension outcomes.
Trump to make final determination on Iran ceasefire deal after Situation Room meeting
June 30 plunges to 55%26%
President Trump stated he would make a final decision on the ceasefire extension deal after a White House Situation Room meeting, indicating the deal's approval was imminent but not yet official. This uncertainty contributed to market volatility for near-term outcomes.
President Trump to make final determination on Iran ceasefire deal after Situation Room meeting
June 3 surges to 59%16%
President Trump announced he would make a final decision on the potential Iran ceasefire deal after a White House Situation Room meeting, maintaining uncertainty and causing market price volatility.
President Trump to make final determination on Iran ceasefire deal after Situation Room meeting
June 30 drops to 64%5%
President Trump announced he would make a final decision on the potential Iran ceasefire deal after a Situation Room meeting, maintaining market uncertainty and influencing price volatility.
Sources confirm U.S.-Iran 60-day ceasefire extension deal reached, awaiting Trump sign-off
On May 29, sources confirmed that the U.S. and Iran had reached a tentative deal to extend the ceasefire by 60 days to allow formal negotiations, but President Trump had not yet signed off. This maintained market expectations for a 'Yes' resolution on the June 30 outcome.
U.S. officials confirm tentative ceasefire extension deal but Trump has not signed off
June 30 jumps to 82%5%
On May 29, sources confirmed the tentative 60-day ceasefire extension deal between the U.S. and Iran, but President Trump had not yet officially approved it, maintaining market uncertainty and price volatility.
US and Iran reach tentative 60-day ceasefire extension deal pending Trump approval
June 30 drops to 56%5%
US and Iranian negotiators agreed on a memorandum of understanding to extend the ceasefire for 60 days and start nuclear talks, pending President Trump's final approval. This tentative deal caused significant market movement, especially affecting the June 30 and July 31 outcomes.
Trump Expresses Dissatisfaction With Iranian Peace Proposals as Deadlines Approach
June 7 plunges to 46%22%
President Trump publicly stated his dissatisfaction with Iran's diplomatic offers, highlighting deep internal divisions within Tehran's leadership and casting doubt on a near-term breakthrough.
Reuters reports U.S. and Iran reach agreement to extend ceasefire and lift Strait of Hormuz restrictions
June 30 rises to 78%1%
Reuters reported that the U.S. and Iran reached an agreement to extend the ceasefire and lift restrictions on shipping through the Strait of Hormuz, pending approval, marking a significant step toward peace and influencing market prices.
US military conducts defensive strikes amid ceasefire extension talks
May 30 plunges to 18%24%
The US military conducted defensive strikes against Iranian drones and a ground control station, underscoring ongoing tensions despite ceasefire extension talks, contributing to market volatility.
Trump circulates draft peace agreement with Israel and allies
July 31 rises to 75%4%
President Trump shared a draft peace agreement with Israel and other allies to prevent ceasefire breaches from escalating, signaling progress toward a broader peace framework that supports the ceasefire extension market.
U.S. and Iran reach 60-day ceasefire extension deal pending Trump approval
May 30 plunges to 6%36%
U.S. and Iranian negotiators reached a tentative memorandum of understanding to extend the ceasefire for 60 days, reopen the Strait of Hormuz, and launch nuclear talks, but the deal required final approval from President Trump.
U.S. and Iran reach memorandum of understanding on 60-day ceasefire extension pending Trump approval
June 30 dips to 74%3%
On May 28, U.S. and Iranian negotiators reached an agreement on a memorandum of understanding to extend the ceasefire for 60 days, but the deal required final approval from President Trump, causing market fluctuations as confirmation was awaited.
US Central Command accuses Iran of egregious ceasefire violation amid talks
June 30 dips to 75%4%
Following missile attacks from Iran on Kuwait and retaliatory US strikes, the US Central Command labeled Iran's actions as a serious ceasefire violation, highlighting the fragile truce and contributing to market uncertainty and price drops.
Trump circulates draft peace agreement with Iran among allies
June 30 plunges to 55%26%
President Trump shared a draft peace agreement with allies including Israel, aiming to prevent ceasefire breaches and support a potential deal. This indicated progress toward a formal ceasefire extension and peace framework, influencing market sentiment.
US and Iran reach agreement to extend ceasefire for 60 days, pending Trump's approval
On May 28, sources reported that the US and Iran reached an agreement to extend the ceasefire for 60 days and lift restrictions on shipping through the Strait of Hormuz, pending final approval by President Trump. This was a major step toward peace but was accompanied by military incidents that highlighted the fragility of the truce.
U.S. and Iranian negotiators reach tentative 60-day ceasefire extension deal pending Trump approval
June 7 plunges to 34%28%
Negotiators from the U.S. and Iran reached a tentative memorandum of understanding to extend the existing ceasefire by 60 days and initiate talks on Iran's nuclear program, but the deal awaited final approval from President Trump, causing market uncertainty and price declines for earlier resolution dates.
US and Iranian negotiators reach tentative deal to extend ceasefire by 60 days and start nuclear talks
June 30 dips to 73%4%
U.S. and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and launch talks on Iran’s nuclear program, pending final US approval. This development was reported by multiple sources and increased market confidence in a near-term ceasefire extension.
Scoop: US and Iran reach deal but need Trump's final approval
June 30 dips to 70%3%
Reports confirmed that US and Iranian negotiators agreed on a 60-day memorandum of understanding to extend the ceasefire and launch nuclear negotiations, but President Trump had yet to give final approval. This uncertainty contributed to market volatility.
U.S. and Iranian negotiators reach tentative 60-day ceasefire extension deal
June 30 drops to 57%11%
U.S. and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start talks on Iran's nuclear program, pending President Trump's final approval. This reinforced market expectations for a ceasefire extension, particularly for the June 30 outcome.
No official U.S. announcement on ceasefire extension despite near-final deal reports
May 31 plunges to 16%26%
Despite widespread media reports of a near-final ceasefire extension deal, the U.S. government did not make an official announcement extending the ceasefire, leading to sharp declines in market prices across all resolution dates.
No official U.S. announcement on ceasefire extension despite near-final deal reports
May 27 plunges to 0%34%
Despite widespread media reports of a near-final memorandum of understanding extending the ceasefire for 60 days, the U.S. government did not issue an official announcement confirming the extension or a new agreement. Market prices dropped sharply as the likelihood of a timely qualifying announcement diminished.
US launches new airstrikes on Iran but maintains ceasefire holds
June 30 drops to 75%5%
Despite new US airstrikes targeting Iranian drones and military sites, officials stated these were defensive actions intended to maintain the ceasefire, reflecting ongoing tensions and fragile peace talks, impacting market confidence.
U.S. and Iran Peace Talks Face Impasse Over Nuclear Enrichment and Sanctions Relief
June 3 surges to 63%18%
Despite ongoing mediation by Pakistan, negotiations remained highly volatile as both sides struggled to agree on the terms of a permanent peace framework, causing sharp fluctuations in the early June resolution options.
U.S. and Iran negotiators reach tentative 60-day ceasefire extension deal pending Trump's approval
June 7 jumps to 63%6%
U.S. and Iranian negotiators agreed on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump had yet to give final approval, maintaining market uncertainty.
No official U.S. announcement of ceasefire extension despite near-deal reports
June 30 drops to 67%12%
Although reports indicated a near-finalized deal, no official U.S. government announcement was made to confirm a new ceasefire extension or successor agreement, leading to a decline in market prices across all resolution dates.
Iran condemns US strikes as 'flagrant violation' of ceasefire amid peace negotiations
May 27 plunges to 11%23%
Iran's foreign ministry denounced US strikes targeting missile launchers and mine-laying boats as a definitive violation of the ceasefire, threatening retaliation. Despite this, peace talks continued, but the strikes introduced uncertainty and downward pressure on market prices for short-term ceasefire extensions.
Reports confirm U.S. and Iran reached agreement on 60-day ceasefire extension
June 30 rises to 81%4%
Multiple credible sources including the Financial Times and Axios reported that the U.S. and Iran had agreed on a 60-day ceasefire extension framework, increasing market confidence in a formal U.S. announcement soon.
U.S. military conducts strikes against Iran amid ongoing ceasefire deal talks
May 31 plunges to 41%39%
Despite ongoing negotiations for a ceasefire extension, the U.S. military carried out strikes against Iranian targets, introducing uncertainty and causing some market volatility regarding the deal's stability.
U.S. conducts military strikes on Iranian missile sites amid ongoing ceasefire talks
June 30 rises to 68%1%
On May 25, the U.S. conducted defensive strikes on Iranian missile launch sites and boats in the Strait of Hormuz during ongoing ceasefire conditions and negotiations, increasing regional tensions and causing market uncertainty about the ceasefire extension.
U.S. military conducts defensive strikes in southern Iran amid ongoing ceasefire talks
May 31 plunges to 39%21%
Reports emerged of U.S. military operations targeting missile launch sites and boats in the Strait of Hormuz during ongoing ceasefire negotiations, increasing regional tensions and undermining confidence in an imminent ceasefire extension announcement. This contributed to price declines across all resolution dates.
US Central Command reports 'self-defense' strikes on Iran amid ongoing ceasefire talks
May 31 plunges to 38%22%
The US military conducted strikes on missile sites and boats near the Strait of Hormuz, described as self-defense actions, which Iran condemned as violations of the ceasefire. This raised concerns about the fragility of the ceasefire and caused market prices for near-term extensions to decline.
US conducts defensive airstrikes on Iranian missile sites amid ceasefire
June 30 drops to 77%12%
The US launched strikes on Iranian missile launch sites and boats to protect troops, which heightened tensions and underscored the fragility of the ceasefire, contributing to market uncertainty and price declines.
President Trump emphasizes deal not fully negotiated despite progress
While optimism grew over the ceasefire extension deal, President Trump emphasized that the deal was not yet fully negotiated, tempering expectations but maintaining market confidence in the ceasefire's continuation through late May.
US conducts military strikes in southern Iran amid ongoing ceasefire talks
On May 25, the US conducted military operations targeting missile launch sites and boats in the Strait of Hormuz during ongoing ceasefire conditions and negotiations. This raised tensions and cast doubt on the peace process, causing some market volatility.
U.S. military conducts strikes in southern Iran amid ongoing ceasefire talks
June 30 drops to 75%5%
Despite ongoing negotiations, the U.S. conducted defensive military strikes targeting missile launch sites and boats in the Strait of Hormuz, increasing regional tensions and contributing to market uncertainty and price declines.
Axios reports U.S.-Iran deal includes 60-day ceasefire extension and Strait reopening
June 30 jumps to 89%9%
Axios reported that the proposed deal would extend the ceasefire by 60 days, reopen the Strait of Hormuz, allow Iran to sell oil freely, and initiate nuclear negotiations, supporting market confidence in the extension.
US and Iran near deal to extend ceasefire and reopen Strait of Hormuz
June 30 rises to 82%1%
Reports emerged that the US and Iran had developed a framework to extend the ceasefire by 60 days and reopen the Strait of Hormuz, with talks on Iran's nuclear program to follow, increasing market confidence in a ceasefire extension.
U.S. and Iran develop 60-day ceasefire framework to reopen Strait of Hormuz
May 25 plunges to 1%60%
A senior administration official confirmed the U.S. and Iran had developed a memorandum of understanding framework extending the ceasefire 60 days, with the Strait of Hormuz to be reopened, meeting the market's qualifying criteria.
U.S. and Iran develop memorandum of understanding framework for ceasefire extension
June 7 jumps to 75%13%
Senior U.S. officials confirmed that a memorandum of understanding framework had been developed to extend the ceasefire by 60 days and reopen the Strait of Hormuz, indicating nearing finalization of a peace deal, which supported market prices.
Axios reports proposed US-Iran deal involves 60-day ceasefire extension with Strait of Hormuz reopening
May 24 dips to 70%1%
Axios reported the proposed deal includes a 60-day ceasefire extension with the Strait of Hormuz to be reopened, Iran able to freely sell oil, and nuclear negotiations to follow.
US and Iran develop 60-day ceasefire extension framework including Strait of Hormuz reopening
June 30 dips to 79%2%
Reports emerged that the US and Iran had developed a memorandum of understanding framework extending the ceasefire by 60 days and reopening the Strait of Hormuz, indicating a near-final deal and raising market confidence in a ceasefire extension.
Axios reports US-Iran deal includes 60-day ceasefire extension and Strait of Hormuz reopening
June 30 dips to 79%2%
Axios reported that the US and Iran were close to signing a deal involving a 60-day ceasefire extension during which the Strait of Hormuz would be reopened and negotiations on Iran's nuclear program would begin, reinforcing market expectations for a ceasefire extension.
US and Iran finalize memorandum of understanding framework for 60-day ceasefire extension
June 30 dips to 79%2%
A senior US administration official confirmed that the US and Iran had developed a memorandum of understanding framework extending the ceasefire by 60 days, with plans to de-mine and reopen the Strait of Hormuz, signaling a near-final agreement and supporting market prices.
U.S. and Iran draft 60‑day cease‑fire extension framework
May 24 plunges to 2%77%
A Washington Post story on May 24 detailed a memorandum of understanding that would extend the cease‑fire 60 days. The report that a concrete framework existed shifted market sentiment, causing the “May 24” outcome price to tumble from 79 % to 2 % Yes as traders realized a qualifying announcement was still pending.
U.S. and Iran near deal: 60-day ceasefire extension with Hormuz reopening
May 24 plunges to 1%43%
Multiple outlets reported the U.S. and Iran were close to signing a memorandum of understanding extending the ceasefire 60 days with the Strait of Hormuz to be demined and reopened, causing prices to peak at 96% on May 24 before falling.
US and Iran near deal to extend ceasefire 60 days with Hormuz reopening
May 24 plunges to 8%36%
A senior US administration official confirmed a memorandum of understanding framework extending the ceasefire 60 days with Hormuz Strait demining and reopening, triggering a significant price drop as the deal was reported not yet finalized.
Trump claims peace deal with Iran 'largely negotiated' with strait of Hormuz to open
May 24 drops to 1%7%
Trump announced on social media that final aspects of a memorandum of understanding were being discussed and that the strait of Hormuz would be opened as part of the deal, maintaining market uncertainty as the deal remained unannounced.
Iran's supreme leader 'in principle' agrees to give up enriched uranium in peace deal
May 24 dips to 0%1%
Iranian sources reported that Ayatollah Ali Khamenei 'in principle' agreed to give up enriched uranium as part of a peace agreement, adding complexity to the deal and contributing to market volatility.
Reports detail near-final U.S.-Iran deal for 60-day ceasefire extension and Strait of Hormuz reopening
June 30 jumps to 89%8%
Multiple sources including Axios and Reuters reported that the U.S. and Iran had developed a memorandum of understanding framework extending the ceasefire by 60 days with conditions including reopening the Strait of Hormuz. Market prices initially surged on these reports but later declined as no official U.S. announcement was made.
Reports emerge of US-Iran framework for 60-day ceasefire extension and Strait of Hormuz reopening
June 30 rises to 83%2%
Multiple sources reported that the US and Iran had developed a memorandum of understanding framework extending the ceasefire by 60 days and reopening the Strait of Hormuz, boosting market optimism for a formal agreement soon.
Trump says Iran deal reopening Strait of Hormuz 'largely negotiated,' announcement imminent
June 3 jumps to 50%5%
President Trump indicated that a memorandum of understanding with Iran was close to finalization and that the Strait of Hormuz would soon reopen under the ceasefire framework, reinforcing market confidence in a near-term extension announcement.
U.S. and Iran develop 60-day ceasefire extension framework including Strait of Hormuz reopening
June 30 jumps to 89%9%
Reports confirmed a memorandum of understanding framework extending the ceasefire by 60 days, with plans to de-mine and reopen the Strait of Hormuz, increasing market optimism about a formal ceasefire extension.
Axios reports U.S.-Iran deal near completion with 60-day ceasefire and Strait reopening
June 3 jumps to 50%5%
Axios reported that the U.S. and Iran were close to signing a deal involving a 60-day ceasefire extension, reopening the Strait of Hormuz, and resuming oil sales, reinforcing market expectations of a formal U.S. announcement.
U.S. and Iran near deal to extend 60-day ceasefire and reopen Strait of Hormuz
Sources reported that the U.S. and Iran had developed a framework to extend their ceasefire for 60 days, with the Strait of Hormuz to be reopened and Iran allowed to sell oil freely, further solidifying market expectations for a ceasefire extension.
Reports indicate U.S. and Iran nearing broader peace agreement including Strait of Hormuz reopening
June 30 plunges to 67%19%
On May 24, reports indicated that the U.S. and Iran were close to a broader peace agreement following months of conflict and stalled negotiations, with President Trump suggesting the Strait of Hormuz could soon reopen under a ceasefire framework, further boosting market optimism.
Reports indicate US and Iran nearing broader peace agreement; Trump says MOU close to finalization
June 30 plunges to 61%20%
Reports on May 24 indicated that the US and Iran were close to a broader peace agreement after months of stalled negotiations. President Trump stated a memorandum of understanding was close to finalization and suggested the Strait of Hormuz could soon reopen under a ceasefire framework, boosting market confidence.
Russian envoy praises potential US-Iran ceasefire extension
June 7 surges to 92%23%
Russian special presidential envoy Kirill Dmitriev praised the potential 60-day ceasefire extension as a chance to avoid escalation, supporting the credibility of the extension agreement and positively influencing market sentiment.
President Trump announces US nearing deal to extend Iran ceasefire and reopen Strait of Hormuz
June 7 surges to 84%15%
President Trump stated that the United States was in the final stages of negotiations to extend the ceasefire with Iran and reopen the Strait of Hormuz, signaling imminent progress on a peace framework. This announcement increased market confidence in a ceasefire extension, raising prices for later resolution dates.
Trump says U.S.-Iran peace deal 'largely negotiated' with Strait of Hormuz reopening
President Trump announced that a memorandum of understanding for a peace deal with Iran was largely negotiated, including provisions to reopen the Strait of Hormuz, signaling imminent agreement and causing a sharp price drop across all outcomes.
President Trump announces peace deal with Iran largely negotiated, including Strait of Hormuz reopening
On May 23, 2026, President Trump stated that a peace deal with Iran was largely negotiated, signaling potential imminent agreement and boosting market optimism for a ceasefire extension or new agreement. This statement raised prices across all resolution dates as traders anticipated an official announcement.
Trump claims peace deal with Iran 'largely negotiated' for 60-day ceasefire
May 25 plunges to 1%52%
President Trump announced the U.S. and Iran were in the final stages of negotiations to extend a ceasefire by 60 days and reopen the Strait of Hormuz, meeting the market's qualifying criteria.
Trump announces Iran peace deal 'largely negotiated' including Strait of Hormuz reopening
President Trump stated that a memorandum of understanding to extend the ceasefire and reopen the Strait of Hormuz was largely negotiated and would be announced soon, boosting market optimism about a ceasefire extension.
President Trump announces ceasefire deal with Iran largely negotiated
June 30 surges to 85%16%
President Trump stated that a memorandum of understanding on a peace deal with Iran was largely negotiated, including provisions to reopen the Strait of Hormuz, signaling imminent agreement and boosting market optimism for a ceasefire extension or new agreement.
President Trump announces U.S. in final stages of Iran ceasefire extension talks
June 7 surges to 86%17%
President Trump stated that the U.S. was close to finalizing a deal to extend the ceasefire with Iran and reopen the Strait of Hormuz, signaling progress in negotiations and temporarily boosting market optimism.
Reports emerge of U.S.-Iran agreement on 60-day ceasefire extension
June 30 jumps to 89%8%
Multiple sources, including the Financial Times and Axios, reported that the U.S. and Iran had reached a framework agreement to extend the ceasefire for 60 days, reopen the Strait of Hormuz, and allow Iran to sell oil freely, raising market expectations.
President Trump announces peace deal with Iran largely negotiated, including Strait of Hormuz reopening
June 30 jumps to 89%8%
President Trump stated that a memorandum of understanding on a peace deal with Iran was largely negotiated, signaling potential imminent agreement and boosting market optimism for a ceasefire extension or new agreement. This caused initial price increases in longer-dated resolution options.
Trump announces U.S. in final stages of Iran ceasefire extension negotiations
June 7 surges to 96%27%
President Trump stated that the U.S. was close to finalizing a ceasefire extension deal with Iran and reopening the Strait of Hormuz, raising market expectations for a near-term announcement. This caused initial price increases in longer-dated resolution options.
President Trump announces Iran peace deal 'largely negotiated' amid ongoing talks
On May 23, 2026, President Trump stated that a peace deal with Iran was largely negotiated, signaling potential imminent agreement and boosting market optimism for a ceasefire extension or new agreement. This announcement raised expectations for a formal announcement soon, impacting market prices positively.
Trump announces 'largely negotiated' peace deal framework with Iran including Strait of Hormuz reopening
June 30 jumps to 81%12%
On May 23, President Trump stated that a memorandum of understanding on a peace deal with Iran was largely negotiated, including provisions to reopen the Strait of Hormuz. This announcement raised market optimism about a ceasefire extension and broader peace agreement.
President Trump announces final stages of ceasefire extension negotiations with Iran
June 30 surges to 96%27%
President Trump stated that the U.S. was in the final stages of negotiating a ceasefire extension with Iran and reopening the Strait of Hormuz, signaling progress but without an official extension announcement. This initially supported market optimism for a near-term extension announcement.
US and Iran near agreement to extend ceasefire for 60 days
May 31 surges to 80%20%
The Financial Times reported that the US and Iran had reached an agreement to extend the ceasefire for 60 days, citing sources familiar with the negotiations. This news increased market confidence in the ceasefire's continuation and raised prices for the May 31 and June 7 outcomes.
President Trump says Iran peace deal 'largely negotiated' and Strait of Hormuz will reopen
June 7 jumps to 83%14%
President Trump announced that a peace deal with Iran had been largely negotiated and that the Strait of Hormuz would be reopened, signaling progress toward ending the war. This statement boosted market optimism and prices for the ceasefire extension.
US President Trump announces final stages of ceasefire extension negotiations
May 26 jumps to 70%9%
President Trump stated that the United States was in the final stages of negotiations to extend the ceasefire with Iran and to reopen the Strait of Hormuz, reinforcing market expectations of an imminent announcement.
Iranian officials confirm progress on ceasefire extension framework
May 25 jumps to 63%10%
Iranian Foreign Ministry spokesman Esmaeil Baqaei confirmed that Tehran was in the final stages of drafting a framework agreement aimed at ending the conflict with the United States, supporting reports of a ceasefire extension.
U.S. and Iran reach 60-day ceasefire extension agreement
May 23 plunges to 4%44%
The Financial Times reported that the U.S. and Iran had reached an agreement to extend the ceasefire for 60 days, with the announcement expected within 24 hours. This major diplomatic breakthrough caused a sharp price drop for the May 23 outcome from 48% to 4% and significant price movements across other outcomes.
U.S. and Iran reach 60-day ceasefire agreement, Strait of Hormuz to be reopened
May 24 surges to 71%27%
The Financial Times reported that the U.S. and Iran had reached an agreement extending the ceasefire for 60 days with the Strait of Hormuz to be reopened, confirming a qualifying announcement.
President Trump announces U.S. close to finalizing Iran ceasefire extension and peace deal
June 30 surges to 86%17%
President Trump stated that the United States was in the final stages of negotiations to extend the ceasefire with Iran and reopen the Strait of Hormuz, signaling imminent official confirmation and boosting market confidence in a ceasefire extension.
President Trump announces near-finalized peace deal with Iran
President Trump stated that a peace deal with Iran was largely negotiated, signaling potential imminent agreement and boosting market optimism for a ceasefire extension or new agreement, which increased prices for later resolution dates.
US and Iran near agreement on 60-day ceasefire extension
June 7 surges to 92%23%
Multiple credible sources including The Financial Times and regional officials reported that the US and Iran were close to agreeing on a 60-day extension of the ceasefire, signaling a significant diplomatic breakthrough and raising market confidence in a formal announcement.
US and Iran close to memorandum of understanding to extend ceasefire
May 25 surges to 89%36%
Reports indicated that the US and Iran were closing in on a deal to extend the ceasefire by 60 days and establish a framework for further discussions, increasing market confidence in a formal extension announcement.

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