US halts strikes on Iran for first time in two weeks amid fragile ceasefire

The United States did not conduct any strikes on Iran on Friday night, marking the first evening without reported military action in two weeks, according to CBS World. The ongoing conflict, which has involved repeated exchanges of strikes between U.S. and Iranian forces, remains active, though this development suggests a temporary pause in hostilities. The absence of U.S. strikes comes amid a fragile ceasefire that has been frequently violated, raising questions about the stability and future of the current conflict cycle. Market responses to this pause in military action suggest a minor decrease in the perceived likelihood of the Iranian regime’s fall. The market assessing the probability of the regime’s collapse before 2027 has shown a slight decline in YES pricing from 10% to 9.5% over the past 24 hours. This suggests that market participants view the halt in strikes as a potential, albeit temporary, de-escalation that reduces immediate pressure on the Iranian government. The situation remains fluid, and any changes in military engagement or diplomatic negotiations could impact market perceptions and pricing of the Iranian regime’s stability. Continued observation of the U.S. mi...