The next U.S. - Iran meeting is expected later this week, even after the last talks collapsed with no deal.

With a U.S. naval blockade in place and major issues like nuclear demands and sanctions still unresolved. Despite that, both sides are still signaling they want to avoid full escalation.

Meanwhile, new U.S. - Iran prediction markets are popping up nonstop, as traders try to price every possible outcome in real time.