Early Friday, multiple Iranian provinces including Isfahan, Khuzestan, Lorestan, Markazi, and Hormozgan were hit by U.S. missile and drone strikes, according to Iranian state news agency IRNA.
The attacks targeted military and logistical sites, signaling an ongoing high-intensity campaign without ground troops involvement. the strikes expanded beyond Iran's southern coast and the Strait of Hormuz, reaching central and western regions.
Market reactions show a growing concern that these U.S. actions raise the chances of Houthi military moves against Israel. The likelihood priced in for Houthi strikes by July 31 has climbed, reflecting fears of regional escalation fueled by the U.S.-Iran conflict.
Iranian-backed groups like the Houthis may be gearing up for actions that could destabilize the region further. Observers are closely watching for any declarations from Houthi leaders or Iranian officials that might signal retaliation.
Meanwhile, decisions from Israel's Security Cabinet and shifts in U.S. military strategy could shape how markets and analysts assess the unfolding situation. The days ahead, especially until the end of July, look critical for gauging potential conflict triggers.
