Mohsen Rezaei, Secretary of Iran’s Supreme National Security Council, has threatened to halt Iranian oil exports, target U.S. allies, and consider changes to Iran’s nuclear policy. These statements come amid ongoing armed conflict between Iran, the United States, and Israel, active since February 2026. The Strait of Hormuz, of major strategic importance, and Iran’s nuclear leverage remain central to these concerns. Markets are interpreting these developments as a decrease in the probability of a U.S.-Iran deal by 2026.
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