Iran’s IRGC declares ongoing conflict with US, ready for prolonged engagement

Iran’s Islamic Revolutionary Guard Corps (IRGC) has declared that the conflict with the United States is ongoing, and the nation is ready for a prolonged engagement. This development comes amid a period of heightened tensions between the two countries, following the breakdown of ceasefire efforts earlier in 2026. The IRGC’s statement highlights Iran’s readiness to continue its military stance rather than returning to diplomatic negotiations. This announcement aligns with recent aggressive actions and threats from Iran, particularly in the strategic Strait of Hormuz region, which have added to regional instability. Key Takeaways The IRGC’s statement appears to indicate a continued military-diplomatic stalemate with the US, impacting prospects for peace. Market pricing suggests a decrease in confidence for a US-Iran deal in 2026, with odds reflecting heightened tensions. The current pricing of related prediction markets shows a consistent decline in the likelihood of key diplomatic components being included in a potential deal. What to Watch Observers will be watching for potential shifts in diplomatic efforts by regional mediators, including Qatar and Pakistan, which could indicate ...