Major General Yahya Rahim Safavi, military adviser to Iran’s supreme leader, has warned that any new U.S. military action against Iran might expand into the Red Sea and Bab el-Mandeb Strait. This statement comes amid growing tensions between the two countries, particularly concerning negotiations over the Strait of Hormuz. Markets have reacted with caution to this potential escalation, with the probability of a U.S.-Iran agreement by September 30 now estimated at only 5.5%. Observers are closely monitoring diplomatic and military developments, as well as Oman’s possible mediating role.
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