So here's where we are with Middle East ceasefires: the U.S. and Iran agreed to one on Tuesday, which should be good news, except Israel keeps striking Hezbollah in Lebanon, and everyone's already arguing about what the agreement actually means. It's like signing a peace treaty and then immediately fighting about the font size in the document.

Iran Says the U.S. Broke the Deal

Iran came out swinging on Thursday, accusing the U.S. of violating the ceasefire. Iranian parliamentary speaker Mohammad Bagher Ghalibaf said the U.S. broke three clauses of the agreement and declared that "a bilateral ceasefire or negotiations is unreasonable." That's diplomatic speak for "we're not happy."

Who's Actually Covered by This Ceasefire?

Here's where it gets messy. Israel and the U.S. both say Lebanon isn't part of the ceasefire, according to a Reuters report. That directly contradicts Iran's position. So we have a ceasefire where the parties can't agree on who's supposed to stop fighting. This is why you need good lawyers when negotiating international agreements.

What the Gamblers Think

While diplomats argue, the prediction markets are placing their bets. Polymarket, a Polygon (POL)-based prediction platform where users wager with the USDC (USDC) stablecoin, has a contract asking "Israel x Hezbollah ceasefire by...?"

Over $1 million has been bet on this question so far. That's serious money betting on peace prospects.

Given all the strikes and Israel saying Lebanon isn't part of the ceasefire, the market isn't exactly optimistic about a quick resolution. Bettors have placed just a 30% probability on a ceasefire happening by April 30—that's down 13% from earlier levels.

But here's the interesting part: they're more confident about a ceasefire by June 30, with the probability rising to 58%. So the market is saying: not soon, but maybe by summer. It's the financial version of "I'll believe it when I see it."

The Oil Market's Rollercoaster

Meanwhile, oil prices have been on their own wild ride. When Trump announced the two-week ceasefire, WTI crude fell 15.11% to $95.88 per barrel. That's a huge move—markets really liked the peace news.

But with the ceasefire looking shaky, oil has bounced back up 3.5% to $97.71. The oil market is basically pricing in the probability that this ceasefire might not hold, or at least that it won't stop all the fighting that matters for oil flows.