Iran’s Hormuz conditions push US-Iran agreement odds to 2.7% by September 15

  • Iranian diplomat makes Tehran’s conditions and Hormuz reopening prerequisites for US negotiations.
  • 2.7% is the current YES pricing for a September 15 agreement.
  • October 1 agreement odds stand at 6.5% YES, according to the market pricing.

Iranian conditions and the reopening of the Strait of Hormuz have been presented as prerequisites for negotiations with the United States, according to ISNA, as conflict-related military activity continues to affect the waterway. Prediction-market pricing for an agreement restoring normal traffic by September 15 has fallen to 2.7% YES, while the odds for October 1 stand at 6.5% YES. The market move reflects skepticism about rapid diplomatic progress. Observers are watching statements from U.S. President Donald J. Trump and Iran’s Foreign Minister Abbas Araghchi, changes in military activity by CENTCOM (U.S. military command), ceasefire announcements and shipping data through the strait.

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