Iranian Foreign Minister Seyed Abbas Aragchi discussed regional developments and diplomatic initiatives with his counterparts from Saudi Arabia and Turkey after recent US military strikes on Iran. Tehran has described the strikes as an attack on its sovereignty, while the outreach is viewed as an effort to manage the crisis and potentially reduce hostilities. Market activity indicates a modest rise in the perceived likelihood of US-Iran peace talks by the end of September, although the odds remain low. The engagement is consistent with scenarios in which diplomatic meetings could be arranged as part of wider peace efforts. Officials should be watched for announcements from Iran, Saudi Arabia or Turkey on further meetings, as well as updates from the US and Russia on Ukraine talks. Developments supporting expanded peace efforts could strengthen a YES outcome in related prediction markets (markets that trade on event probabilities).