Iran accuses US of attacks from regional bases amid rising tensions

Iranian President Masoud Pezeshkian has accused the United States of launching attacks against Iran from neighboring territories, according to a report by Mehr news agency. Pezeshkian emphasized Iran’s right to defend itself, reflecting the ongoing tensions between the two nations. This development comes amid the broader context of the 2026 Iran–United States conflict, where both sides have exchanged strikes and accused each other of using regional bases for military operations. The statement by Pezeshkian is seen as an escalation indicator, potentially impacting regional stability and Strait of Hormuz traffic. Key Takeaways Pezeshkian’s statement suggests a heightened risk of conflict involving regional states, consistent with decreased odds of Strait of Hormuz traffic normalizing. The market pricing for Strait of Hormuz traffic returning to normal by August 31 reflects a decrease, now at 13.5% YES, indicating increased skepticism about a quick resolution. The tension between the US and Iran and potential involvement of regional bases appear to be significant factors influencing current market outlooks. What to Watch Observers should watch for any diplomatic moves or announcements...