U.S. forces launched airstrikes on several Iranian military bases in southern Iran, marking a significant escalation in the ongoing conflict. The strikes targeted Revolutionary Guard Corps facilities involved in missile and drone operations near the Gulf and Strait of Hormuz, a critical chokepoint for global shipping.
Market watchers noted a sharp rise in the odds of Iran retaliating beyond the region, with the probability of strikes against Ukraine increasing from 4% to 4.6% by the end of August. This shift shows growing concerns about the conflict spreading and impacting international stability.
