The United States has carried out extensive airstrikes on multiple Iranian military sites in southern Iran, according to reports. These strikes are a response to Iranian missile attacks targeting U.S. forces in the region, as part of an ongoing tit-for-tat military escalation. The targets included facilities of the Islamic Revolutionary Guard Corps (IRGC) linked to missile and drone activities, concentrated near the Gulf and Strait of Hormuz. Market indicators suggest an increased likelihood of Iranian retaliation, including against Ukraine, with odds rising from 4% to 4.6% by August 31.
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