Iran has launched retaliatory strikes following a series of large and powerful US attacks ordered by President Donald Trump. Explosions have been reported in Jordan, highlighting the escalating tensions in the region. This military escalation comes as Trump had warned Iran of severe consequences if it continued to respond to US military actions. Prediction markets reflect this deterioration: the likelihood of a US-Iran deal including reconstruction funding is now priced at 11%, down from 14% a week ago.
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