Iran’s Joint Military Command has announced it will heavily target US interests in the Middle East if Iranian vessels are attacked. This statement marks a significant escalation in geopolitical tensions between Iran and the United States, particularly concerning maritime security in the region. The announcement comes amid ongoing diplomatic efforts to negotiate a US-Iran deal inclusive of reconstruction funding. Market activity reflects declining confidence, with current pricing at 11.5% YES for such a deal, down 1.5 points from the previous week. Mediators from Qatar and Pakistan may become increasingly pivotal in steering negotiations towards a peaceful resolution.
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