Iranian foreign minister to meet Putin on war developments in St. Petersburg

Iranian Foreign Minister Abbas Araghchi’s upcoming meeting with Vladimir Putin in St. Petersburg centers on “war developments.” The market for Iran striking Israel by April 30 sits at 100% YES.

The meeting’s focus on military developments with Russia suggests potential coordination or support that could affect Iran’s military actions in the short term. Odds for military action hold at 100% across sub-markets, indicating market consensus on imminent action. The April 30 contract has only six days until resolution, and traders are pricing in near-total certainty about Iran’s next moves.

Volume sits at $0 in face value for these markets. The absence of trading activity at 100% odds is consistent with a fully priced-in outcome where no one is willing to take the other side.

The Araghchi-Putin meeting points to Russia’s indirect support for Iran, potentially prolonging the conflict without direct intervention. The market is already priced at 100% YES, but any shifts in Russian support or a new escalation could move related markets, such as US-Iran ceasefire probabilities.

Traders should watch for announcements from the St. Petersburg meeting that might indicate changes in Russian military or diplomatic support. Iranian state media reports or satellite imagery showing military buildups could also signal the execution of planned strikes.

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