The United States has released video footage from its 13th straight night of attacks targeting Iranian missile launchers and naval vessels. These strikes are part of an ongoing effort to weaken Iran’s ability to disrupt shipping and commercial operations in the Strait of Hormuz.
This continuous offensive highlights serious tensions in the region and signals a firm US strategy to contain Iranian military power affecting critical maritime routes. Markets responded sharply, with the odds of Iranian military action against a Gulf state climbing from 58% to nearly 70% for July 24, 2026.
Rising Risks and Regional Impact
While European involvement remains unlikely, with market odds at 4.9% by the end of July, observers are closely watching Iran’s potential responses and any movements by Gulf states. The dual focus on land and sea assets paints a picture of a broad campaign to reduce risks to global commerce.
