The Pentagon announced a new casualty category related to the ongoing conflict with Iran following the conclusion of Operation Epic Fury. This administrative change reflects the continuation of hostilities between the United States and Iran, despite the formal end of the previous operation. The reclassification of post-July 7 losses marks a new phase in the conflict, but not an end to the confrontation. Market behavior indicates a decreased likelihood of Iran implementing a full airspace closure by the end of July, consistent with the renewed military engagement.
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