Senior military commanders from the United States, Israel, and several Arab states met in Germany last week to discuss the ongoing conflict with Iran and broader regional tensions, according to an Axios report citing two Israeli officials. This meeting highlights the active military coordination between countries already involved in the escalating conflict with Iran, which began with US-Israel joint strikes earlier this year. The conflict has since expanded into a broader regional confrontation, with recent developments indicating a breakdown of a fragile ceasefire. Market odds for a US-Iran diplomatic meeting by September 30, 2026 have decreased from 8% to 7.5%.
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