A two-week ceasefire in Iran starting April 8, 2026, has drawn trader attention, but the market for WTI Crude Oil hitting $160 in April sits at a flat 1% YES, unchanged from 24 hours ago.

The ceasefire has not moved oil market odds. Actual USDC traded is $514 per day, and it takes $1,955 to shift the market by 5 percentage points, making this a thin market where any significant news could cause a sharp move. Check the market here.

Bitcoin markets show a similar pattern. The probability of Bitcoin dipping to $60,000 in April is 1.2% YES, down from 2% twenty-four hours ago. Daily volume is $1,254 in actual USDC, so this market is also thin enough that a geopolitical shift could produce sharp moves. See the market details.

The ceasefire is temporary and doesn’t remove the underlying risks in the region. The odds reflect skepticism about a lasting resolution. At 1¢, a YES share on WTI Crude Oil hitting $160 pays $1 if correct, a 100x return. That outcome would require something like a sudden escalation in hostilities or an OPEC+ crisis.

Watch for developments from the ongoing talks in Islamabad. A breakdown could push oil prices up, while sustained diplomacy might hold them steady. Statements from President Trump and Iranian officials are the most likely catalysts for movement.

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