The United States has intensified its military campaign against Iran, conducting airstrikes on strategic sites including air defenses and missile infrastructure. The action comes as President Donald Trump stated that diplomatic negotiations with Tehran are unlikely in the near future.
The escalation signals a continued U.S. reliance on military pressure. Market observers are now watching for potential Iranian airspace closures, with prediction market odds for a full closure by July 31 rising to 27.5%.
The breakdown in previous ceasefire efforts points to a prolonged period of heightened tension. Any future announcement from Iran's Civil Aviation Organization regarding airspace status will be a key indicator of the conflict's trajectory.