Ross doubts Trump’s Iran strategy without clear objective amid military pressure

Former US Middle East envoy Dennis Ross stated on Friday that President Donald Trump’s strategy of increasing military pressure on Iran is unlikely to succeed without a clear objective. Ross’s comments come amid ongoing U.S. and Israeli military operations targeting Iranian military and nuclear facilities. The conflict has seen strikes on air defenses, missiles, and maritime targets as part of efforts to curb Iran’s regional influence and nuclear ambitions. Ross’s statement appears to have influenced market perceptions regarding the likelihood of the U.S. ending the Iranian blockade by the end of the summer. Key Takeaways Ross’s remarks appear to suggest skepticism regarding the effectiveness of Trump’s strategy, potentially impacting market confidence. Current market pricing reflects diminished expectations for a resolution to the blockade by July 31, with a sharp decline in YES probabilities. The pricing trend suggests that participants may see continued escalation rather than an immediate resolution in the conflict. What to Watch Watch for any statements or actions from Trump or the U.S. Central Command that could influence perceptions of the blockade’s duration. Developments su...