The Iranian Revolutionary Guard Corps (IRGC) Navy reported that a member was killed by enemy drones, amid ongoing tensions following recent U.S. attacks. This incident comes as Iran conducts new strikes, further escalating the conflict in the Strait of Hormuz. The use of drones in the conflict marks a significant escalation, targeting naval personnel directly rather than infrastructure. The situation follows a fragile ceasefire agreement and suggests heightened military tension, potentially impacting airspace status.

Key Takeaways

Recent drone attacks appear to indicate a significant escalation in the Strait of Hormuz, targeting IRGC personnel.

Pricing suggests the probability of a full airspace closure by July 31 has increased to 15.5%.

The ongoing conflict and the reported strikes seem consistent with scenarios where military hostilities could lead to an airspace closure.