The White House statement on Operation Midnight Hammer signaled heightened military tensions with Iran. Odds of no US-Iran diplomatic meeting by June 30 sit at 2% YES.

The statement makes diplomatic meetings look unlikely, pushing activity in the no meeting by June 30 market. Current odds are at

2% YES. The market sees minimal trading, with order book depth at $408 to move 5 points, meaning even small orders could cause quick swings. The current military focus has pushed diplomatic efforts to the side.

In the US obtains Iranian enriched uranium by May 31 market, odds moved slightly from 20% to

28.5% YES. Military activity points toward an increased likelihood of the US securing enriched uranium, though volatility remains. Liquidity is solid at $35,523 in actual USDC, with $32,541 depth to move 5 points.

The term structure in uranium markets shows a 26-point jump between May 31 and June 30, suggesting traders expect a specific event within that window. This tracks with the military operations currently underway.

Extracting and securing enriched uranium requires precise execution under international scrutiny, regardless of military progress on the ground. A YES share for uranium by May 31, priced at

28.5¢ , pays

5.26x

. That outcome depends on further successful military actions translating into physical custody of material.

Watch upcoming Pentagon briefings for confirmation of any uranium seizures or diplomatic shifts led by Vice President Vance or Special Envoy Witkoff. Concrete evidence of uranium in US custody or a clear diplomatic breakthrough would move these markets sharply.

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