Iranian President Masoud Pezeshkian’s denial of hostility toward Americans is seen as a softening of rhetoric. Odds for a ceasefire by April 7 have dropped to 8% YES, down from 28% last week.
Pezeshkian’s comments come during the second month of the 2026 Iran War. The market for a ceasefire by April 7 remains bearish at 8%, with traders doubting imminent diplomatic progress. The April 15 market shows a slight rise to 20% YES, indicating some optimism over the next two weeks.
Longer-term odds show more confidence. April 30 is at 38% YES, and May 31 climbs to 56%. The largest increase is between April 15 and April 30, suggesting traders anticipate a mid-April catalyst.
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