Iran warns of broader strikes if US persists in vessel ‘harassment’

Iran’s top joint military command has issued a warning that strikes could broaden if the United States persists in what it describes as “harassing” Iranian vessels, according to state media reports. This development comes amid heightened tensions in the Persian Gulf, where the U.S. has maintained a naval blockade on Iranian-linked shipping amid ongoing military confrontations. The situation has been volatile, with previous exchanges involving warships, drones, and missiles, raising concerns about potential escalation in the region. The statement from Iran’s military command, reported by state media, suggests a possible increase in military actions. This has implications for the prediction markets, where there appears to be growing concern over a potential full airspace closure in Iran. The market for a full closure by December 31 has seen an increase in YES pricing to 29.5%, up from 28% just 24 hours ago, indicating that market participants may view the latest Iranian statements as a credible threat that could impact airspace decisions. This warning also affects related markets, such as those concerning a ceasefire or further U.S. military action in Iran. The ongoing instability an...