President Donald Trump announced that the United States is prepared to intensify military strikes on Iran in response to Iranian attacks on Gulf states. This statement comes amid the active escalation phase of the 2026 U.S.-Iran war, marked by U.S. airstrikes inside Iran and Iranian retaliatory missile and drone attacks on Gulf states. The Strait of Hormuz, a critical global energy chokepoint, remains a major flashpoint. Markets currently assign only a 30% probability to a U.S.-Iran deal including reconstruction funding in 2026.
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