Ramat Gan opens bomb shelters amid escalating US-Iran missile strikes

Ramat Gan, an Israeli city near Tel Aviv, has opened all its bomb shelters in response to escalating missile strikes between the United States and Iran. This precautionary measure by the local authorities comes amid heightened military tensions in the ongoing 2026 Iran war, where the U.S. and Israel have engaged in strikes against Iran, prompting retaliatory actions from Tehran. Although the municipality clarified that this is a precautionary move rather than a new national alert, the action underscores the increasing threat level perceived by local authorities. The fragile ceasefire in place appears to be under strain as hostilities persist. Key Takeaways The opening of bomb shelters in Ramat Gan suggests heightened military tensions and potential risks of further escalation. Market pricing reflects decreased optimism for a U.S.-Iran nuclear deal, suggesting a 25% expected decrease in likelihood. The current pricing in related prediction markets indicates a low probability of a final nuclear deal being reached by the August deadlines. What to Watch Observers should monitor statements from key actors such as U.S. President Donald Trump and Iran’s Supreme Leader Ayatollah Khamenei, ...