U.S. Secretary Scott Bessent announced plans to cut Iran’s connections to the outside world, marking a significant escalation in the ongoing U.S.-Iran confrontation. This development comes amid heightened tensions following U.S. and Israeli military actions against Iran earlier this year. The United States has been tightening sanctions on Iran’s financial, shipping, oil, and digital-asset sectors, a move Iran has openly opposed while calling for diplomatic solutions. According to prediction markets, the likelihood of Iran implementing a full airspace closure by year-end has risen from 24% to 28.5% over the past 24 hours.
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