US-Iran Hormuz agreementA report from the Jerusalem Post reveals that a new Hormuz agreement mandates ships to coordinate with Iran even when they are on the Omani side of the Strait of Hormuz. The current pricing on prediction markets suggests that participants view this as supportive of a U.S.-Iran agreement by the upcoming deadlines. In the US-Iran Hormuz Agreement market, odds for a deal by August 15 have risen to 60.5% from 46% a day earlier. Key TakeawaysThe report on the Hormuz agreement appears to support scenarios where a U.S.-Iran agreement is reached by the deadline. Market odds for the US-Iran Hormuz Agreement by August 15 have increased significantly, reflecting new information.