President Trump issued a stern warning following a drone attack on a U.S.-owned LNG tanker at Egypt’s Damietta port. The attack, which spread fire to a second vessel, is seen as an escalation in the ongoing maritime conflict tied to U.S.-Iran tensions. Market pricing suggests an increased likelihood of military action, with odds for Iran engaging in military activity against a Gulf state rising significantly. The situation extends the conflict’s reach into the Mediterranean, highlighting the vulnerability of energy infrastructure in the region.
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