Iran vows ‘devastating’ response to any enemy attack amid US tensions

The chief of Iran’s armed forces has issued a stark warning, pledging a “devastating” response to any enemy assault, as tensions remain high amid ongoing military exchanges involving Iran, the United States, and Israel. Iran’s acting defense minister reiterated the nation’s stance against allowing any invasion, highlighting a firm posture in the conflict. This announcement comes as diplomatic negotiations between Washington and Tehran reportedly remain stalled, with the Strait of Hormuz identified as a critical flashpoint in the ongoing conflict. Market indicators suggest that while this rhetoric heightens tensions, it does not necessarily translate into an immediate U.S. invasion of Iran, with odds of such an event decreasing. Key Takeaways The warning from Iran’s military leadership appears consistent with heightened defensive posturing rather than an immediate escalation to conflict. Market pricing suggests a moderate decrease in the probability of a U.S. invasion of Iran before 2027, now at 16.5% down from 18%. The current geopolitical climate, with stalled U.S.-Iran talks and regional military tensions, appears to be factored into market expectations for further developments. ...