Lockheed Martin’s $850M contract to advance the Trident II SLBM comes as tensions with Iran persist. Trump’s end to military operations against Iran by March 1 sits at 15% YES, indicating skepticism about a near-term resolution.
The contract suggests continued military readiness, which works against the odds of Trump announcing an end to operations. The Trump’s Military Operations in Iran market reflects this, with a 15% decrease in YES odds. The US Escorts in Hormuz market moved slightly higher, currently at
The Trident II upgrade points to a focus on maintaining nuclear deterrence rather than de-escalation, consistent with the US’s posture in the region. The minor uptick in the Hormuz market suggests traders expect increased US naval activity.
With $2,829 in USDC traded in the Hormuz market over the past 24 hours, depth remains modest at $3,828 to move the price 5 points. The largest move was a 1-point spike at 4:47 AM, and the market has otherwise been stable.
For traders, the Trident II contract points to sustained military engagement. At 22.5¢, a YES share in the Hormuz market pays $1 if the US escorts a commercial ship by April 30, a
Watch for updates from CENTCOM or White House briefings on naval operations, as these could shift market odds. General Dan Caine or President Trump signaling a change in strategy would be the most direct catalyst.
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