Negotiators Press 45-Day Iran Ceasefire As War Approaches Month
Key Takeaways
- Mediators press for a 45-day Iran ceasefire as deadline nears
- Talks describe a last-ditch push with slim odds of a quick partial deal
- Trump threats to escalate or attack Iran loom over talks
Ceasefire Talks Intensify
The US, Iran, and regional mediators engaged in intense negotiations over a potential 45-day ceasefire.
Axios reported that four sources confirmed the existence of talks.
Trump extended his deadline by 20 hours, saying the US is in deep negotiations.
The mediators facilitating these talks include Pakistan, Egypt, and Turkey.
Substantive Provisions Disputed
Washington proposed 15 provisions, which Iran countered with five additional escalatory provisions.
The mediators are exploring confidence-building measures related to the strait's reopening and uranium management.
Iranian Foreign Minister Araghchi dismissed the US demands as unacceptable pre-conditions.
The Gulf states demanded greater assurances before engaging in negotiations.
Market Response and Risks
The odds for a ceasefire by April 7 dropped to just 1.1% YES.
The April 15 market sat at 6.5% YES, showing continued caution.
Markets featured robust trading volumes totaling $431,402 in USDC over 24 hours.
A US official described Iran's recent response as a negotiating tactic.
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