Iran’s ongoing conflict has extended to the Red Sea and Caspian Sea, despite a halt in U.S. military strikes, according to reports from Al-Monitor. The conflict began with U.S. and Israeli strikes on Iran in February 2026, with Iran retaliating across the region. Red Sea involvement is linked to Houthi attacks, while Caspian Sea incidents indicate a new maritime theater. The U.S. decision to pause airstrikes marks a shift from its recent pattern of nightly engagements. Markets currently price a low probability of the Strait of Hormuz returning to normal by end of August, with only 14.5% odds.
Source: Read the original article
