The United States, in collaboration with Israel, has launched a new military strategy in the Gulf of Oman, aiming to weaken Iran’s strategic military capabilities. Named “Operación Furia Épica,” this campaign seeks to dismantle Iran’s nuclear program and its missile capabilities, particularly in the strategically significant Strait of Hormuz. Recent developments include the U.S. launching attacks on Iranian installations following Iran’s assault on commercial vessels. The military efforts have reportedly succeeded in significantly degrading Iran’s naval and aerial defense systems.
Market participants monitoring the potential for a final U.S.-Iran nuclear deal by August 13, 2026, appear to be factoring in these escalating tensions. Current pricing in prediction markets reflects a decrease in the likelihood of such a deal being reached. This sentiment is consistent with the increased military activity and the breakdown of prior ceasefire agreements.
The odds of a U.S.-Iran nuclear deal by the end of July are currently pegged at a mere 0.5%, a drop from 1% a day earlier. Meanwhile, markets looking at a deal by the end of September show a slightly more optimistic 12.5% chance, though this too has seen declines from earlier in the month. The military escalation appears to have a clear impact on the perceived probability of diplomatic resolutions.
