President Donald Trump last month said that the U.S. will not restart attacks against Iran before the midterm elections and that the two countries are having “productive” talks.
However, the Trump admin has reportedly conducted strikes on Qeshm Island in recent weeks. According to a report by The Wall Street Journal on Monday, the U.S. reportedly struck the island multiple times in secret over recent weeks
The report says the lack of public announcements of the attacks, along with the attacks’ discreet nature, could suggest the Trump administration does not want to signal it is ready for escalation.
US-Iran Ceasefire Odds Crater
The prediction market has been betting on whether the informal ceasefire between the U.S. and Iran will continue through the midterms.
Polymarket, a Polygon (CRYPTO: POL) based prediction platform that allows users to wager on an outcome using the USDC (CRYPTO: USDC) stablecoin, is currently betting on a contract “US-Iran ceasefire continues through the midterms?”
Over $2 million has been bet on the contract so far.
While the odds were over 96% on Nov. 2, the odds have cratered to less than 1%, recording a decline of over 94% amid reports of the strikes.
Trump Says US Has to Take Care of ‘One or Two Sites’
Trump told reporters in Palm Beach on Saturday that the negotiations with Iran are going fine, while also arguing the U.S. could neutralize “one or two sites” quickly.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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