White House extends Iran ceasefire by 3-5 days

The White House announced an extension of the Iran ceasefire by three to five days, pushing odds of a ceasefire extension by April 21 sharply higher.

In the US-Iran Ceasefire Extension market, the White House statement directly confirms what traders were positioning for. Odds for an extension by April 21 are likely to rise on the back of this announcement, which removes much of the uncertainty the market had been pricing in.

The US-Iran Ceasefire End market will likely see YES odds fall. A three-to-five-day extension undercuts the case for imminent escalation, forcing traders who had bet on a rapid end to the ceasefire to reassess.

The “Who Will Meet with Iran by April 30” market sits at 3% YES, unchanged, since the announcement contained no mention of diplomatic meetings. The news is about ceasefire mechanics, not talks.

For traders, the extension makes a YES position on the ceasefire continuing more attractive. If the extension is formally confirmed in the coming days, payout probability increases accordingly.

Watch for official confirmations from CENTCOM or Iranian state media. Any further statements from Trump or Iranian officials could move these markets in either direction.

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