US House Speaker Johnson expects new phase in Iran conflict with allied support

US House Speaker Mike Johnson has expressed expectations that the ongoing conflict involving Iran will soon transition into a new phase. He anticipates that allied nations will collaborate with the United States to bring the conflict to a resolution. Johnson also criticized Iran’s reliability in negotiations. This development comes amidst a fragile ceasefire between the US, Israel, and Iran, which has been marked by intermittent violations and renewed tensions, particularly in the maritime domain. The involvement of additional allied support could indicate a shift from diplomatic efforts to potential escalation. Key Takeaways Johnson’s comments suggest a shift in the conflict dynamics, but the source’s reliability may impact market movements. Market pricing for the next US-Iran diplomatic meeting in the UAE by September 30, 2026, remains low, suggesting skepticism about imminent diplomatic resolutions. The largest market for no qualifying diplomatic meeting by the deadline shows strong support, indicating a lack of confidence in near-term diplomatic progress. What to Watch Observers should monitor any official announcements from the US or Iran regarding new phases in the conflict o...