President Donald Trump on Thursday said that the U.S. will not restart attacks against Iran before the November midterm Congressional elections and said that the two countries are having “productive” talks.
However, Trump is currently considering joining Saudi military operations against Iran-backed Houthi rebels in Yemen.
Here’s what Prediction Market Is Saying
The prediction market is currently 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 $150,000 has been bet on the contract so far.
Bettors have placed a 75% probability on the US-Iran ceasefire continuing through the midterms.
Missile Attack on Riyadh Airport
A missile strike on Saudi Arabia’s King Khalid International Airport resulted in the deaths of 12 people and injured over 300. This was followed by a second strike on Sunday that killed one and injured several.
On Saturday, Trump said he was considering U.S. involvement in Saudi strikes against the rebels.
“We may. We’re going to look at it,” Trump told reporters. “We just found out about the recent attack. So we’ll make a decision. We move very quickly.”
Iran Escalates Attacks on Ships
Iran has intensified attacks on shipping near the Strait of Hormuz and the Persian Gulf. Iran has launched more than a dozen strikes on shipping since the end of September.
The U.S. military continues to enforce a blockade on Iranian ports as Tehran remains dissatisfied with the U.S. proposal to end the war and restore shipping, calling the U.S. response “insufficient.”
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Recent Comments