Trump set to reject Iran’s offer to reopen Strait of Hormuz without nuclear deal
President Trump is likely to reject Iran's offer to reopen the Strait of Hormuz without addressing its nuclear program. The odds of him agreeing to the demands have fluctuated recently, indicating market uncertainty. Traders are speculating on potential last-minute changes in Trump's stance as market activity increases.
- ▪Trump is expected to reject Iran's offer regarding the Strait of Hormuz.
- ▪The likelihood of Trump agreeing to Iranian demands has changed from 62% to 50% in a week.
- ▪Market volume has surged, indicating traders are betting on a shift in Trump's position.
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President Trump appears set to reject Iran’s latest offer to reopen the Strait of Hormuz without addressing its nuclear program. The odds of Trump agreeing to Iranian demands in April sit at 50% YES, up from 14% just 24 hours ago but down from 62% a week ago. Market reaction Volume spiked today, with the largest move being an 8-point jump at 12:08 PM. Traders appear to be betting on a last-minute shift in Trump’s stance. But the market is thin: order book depth shows it takes just $119 to move the price 5 points, making it vulnerable to swings from large trades.
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