US bombs Iran for 5 months to halt uranium enrichment amid Saudi nuclear deal

The United States has engaged in a five-month bombing campaign against Iran, aimed at halting its uranium enrichment activities. This comes alongside a significant policy shift, where the U.S. has signed a 30-year civil nuclear cooperation deal with Saudi Arabia, permitting uranium enrichment under certain conditions. This development contrasts sharply with the U.S.’s firm opposition to Iran’s uranium enrichment, highlighting a complex geopolitical landscape. The ongoing military actions against Iran and the new deal with Saudi Arabia suggest an escalation in U.S. strategic maneuvers in the region. Key Takeaways The U.S. bombing campaign against Iran appears to reinforce expectations that a final nuclear deal between the two nations is less likely before the August 13, 2026, deadline. Market pricing suggests a decrease in the probability of a U.S.-Iran agreement, with the current odds at 2.9% for reaching a deal by mid-August. The recent U.S.-Saudi nuclear deal may indicate a strategic pivot by the U.S., aligning with Saudi interests while maintaining pressure on Iran. What to Watch Observers should monitor any public statements from Iranian leaders or U.S. officials, as these coul...