Iran isn’t speaking to Trump directly, and Russia and China have made sure it doesn’t have to

Iran is reportedly not engaging in direct communication with former U.S. President Donald Trump, with Russia and China playing roles to prevent such interactions. This development, highlighted by a social media post from @MarioNawfal, comes amid ongoing tensions between the U.S. and Iran. The lack of direct dialogue is seen as a significant factor in the current geopolitical landscape, particularly with respect to diplomatic meetings. Observers are noting how this situation could impact the likelihood of a diplomatic meeting being held in the UAE by the end of September 2026. The market for the next diplomatic US-Iran meeting in the UAE by September 30, 2026, shows a modest decline in the probability of this outcome. The pricing suggests that market participants view the absence of direct talks as a hurdle to holding a meeting in the specified location. As of now, the odds remain notably low, with the YES outcome priced at only 0.1%. This is consistent with an overall decrease in expectations for a breakthrough in US-Iran diplomatic engagements. Key Takeaways The reported lack of direct communication between Iran and Trump appears to be influencing market expectations on diplomatic...