Saudi Strike Odds Slump as Riyadh Signals Diplomatic De-escalation
· flowframe Pulse
The probability of a Saudi strike on Iran plunged 20% to 16¢ as Riyadh continues to prioritize back-channel diplomacy despite recent Iranian drone attacks on its energy infrastructure. Market sentiment shifted after Iranian Ambassador Alireza Enayati’s March 15 call for a 'serious review' of ties and reports that the Kingdom still refuses to allow U.S. forces to use Saudi bases for offensive operations against Tehran.
20¢ → 16¢ • Vol: $1.4M