Trump’s actions spark fears of global arms race, says Major General Manner

Major General Randy Manner says Trump’s actions have sparked fears of a global arms race. The odds of Trump agreeing to Iranian demands in April sit at 17% YES, down from 26% just a day ago.

Market reaction

Traders are pricing in deep skepticism toward any diplomatic progress. The US-Iran permanent peace deal by April 22, 2026 is effectively zeroed out at 0.1% YES. The April 30, 2026 contract trades at 14.5% YES, still well below coin-flip territory. Odds of a diplomatic meeting with Iran by April 30 are at 3.2% YES, meaning traders expect military posturing to crowd out diplomacy.

Why it matters

Trade volume tells the story. The US-Iran permanent peace deal market has $433,823 in actual USDC traded, with real money betting against peace. The cost of moving the market 5 percentage points is just $416, which means even modest-sized trades can cause noticeable swings.

Trump’s hardline stance is pushing the US and Iran further from the negotiating table. At 17¢, a YES share pays $1 if Trump concedes to Iranian demands, a 5.9x return. Betting on a radical shift in US policy within the next week is a long shot by any measure.

What to watch

CENTCOM and the Iranian Supreme National Security Council are the key actors here. Any operational changes or public announcements from either could move these markets fast.

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