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Memorial Day Lull Masks Iran Deal Signals as Trump Mandates Abraham Accords Push

BeInCrypto
Polymarket traders weigh a potential US-Iran deal as President Trump mandates that regional powers join the Abraham Accords.

Summary

Markets are evaluating the probability of a new US-Iran agreement amid a diplomatic push by President Donald Trump. While Polymarket traders currently price a 39% chance of a deal, skepticism remains regarding technical demands, such as the disposal of enriched uranium. Trump has stipulated that several regional nations must join the Abraham Accords as a condition for any settlement, a move aimed at broader Middle East normalization. The potential agreement also seeks to stabilize shipping through the Strait of Hormuz, potentially impacting the 'Bitcoin and oil' trade dynamic as crypto markets monitor these geopolitical developments.

(Source:BeInCrypto)