Iran media says military launches ‘decisive operation’ against US targets

Iran’s state media has reported that the country’s military has initiated a “decisive operation” targeting US bases and interests in the region. This development marks a significant escalation in tensions between Iran and the United States, following a series of retaliatory actions and military engagements. The operation purportedly involves missile and drone attacks on US facilities, though the extent of the damage and the full scope of the operation remain unclear. This move comes amid broader geopolitical tensions in the Middle East, with both nations engaging in various forms of military posturing. Key Takeaways Iran’s reported military operation against US targets appears to suggest an escalation of conflict, impacting markets related to regional stability. The likelihood of a full airspace closure by Iran has seen a noticeable increase in the December 31 market, now priced at 29% YES, reflecting heightened military threat perceptions. The US invasion of Iran market remains relatively stable, with a 16.5% YES pricing, suggesting limited immediate expectation of ground conflict escalation. What to Watch Observers will closely monitor any official communications from the Civil A...