P resident Donald Trump and his allies are using the tentative ceasefire agreement between Israel and Iran as a reason to argue he should receive the Nobel Peace Prize, an award Trump has been angling to receive for years.

The Nobel Peace Prize is one of the most prestigious honours that can be awarded to individuals and organisations internationally.

Trump's current odds for winning the Nobel Peace Prize range between 17/2 (10.5 percent) and 6/1 (14.3 percent) across several major sportsbooks, according to the betting website Oddschecker, placing him as the second favorite for bookmakers.