IRGC warns of expanded military operations amid US, Israel tensions

The Islamic Revolutionary Guard Corps (IRGC) has issued a statement indicating that it will broaden the geographic scope of its military operations if ongoing actions persist. This development comes amidst heightened tensions involving Iran, the United States, and Israel, with recent reports of IRGC activities targeting American and Israeli interests in the region. The IRGC’s declaration suggests a potential escalation that could expand beyond the current theaters of conflict, possibly involving additional regional targets. Market activity reflects these developments, with significant changes in the pricing of potential Iranian military actions against Gulf states. The market for Iran’s military action against a Gulf state on July 30 is currently priced at 15.5% for a YES outcome, indicating a perceived increase in the likelihood of such an event. This shift aligns with the IRGC’s recent rhetoric suggesting an expanded scope of operations. The IRGC’s statement has led to a reassessment of risks in the region, as evidenced by market adjustments. Observers are closely monitoring the situation for further indications of potential military actions that could impact geopolitical stabili...