Iran is reportedly prepared to shift its military strategy from defense to offense if its conditions are not met, according to Mohammad Mokhber, senior adviser to Supreme Leader Ayatollah Ali Khamenei. This statement suggests a potential escalation in the conflict, as Iranian leadership may extend military actions to target US warships, though no official action has been declared. This situation arises amid the ongoing US-Israel conflict, with joint strikes on Iran earlier this year. Markets price a 22.5% likelihood of a US announcement ending the Iranian blockade by August 31, 2026, indicating expectations of a prolonged conflict.
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