US Central Command releases footage of 12th night of airstrikes on Iran

The U.S. Central Command has released footage documenting the 12th consecutive night of airstrikes on Iran. The ongoing military operations have targeted various Iranian military capacities, and the release suggests the U.S. is maintaining an aggressive posture in the region. This military escalation comes amid heightened tensions between the U.S. and Iran, particularly in the strategically significant Strait of Hormuz. The persistent nature of these strikes appears consistent with scenarios where Iran might consider a full airspace closure due to increased military threats. Key Takeaways The release of airstrike footage appears to indicate a sustained U.S. military effort against Iranian targets, suggesting a significant escalation in the conflict. Market pricing suggests participants view the likelihood of Iran implementing a full airspace closure by July 31 as increasingly probable, now reflected at 43.5% YES, up from 28% just 24 hours ago. The increased activity in the markets appears consistent with expectations of further military developments, influencing pricing for various resolution dates. What to Watch Observers should monitor announcements from the Civil Aviation Organi...