Donald Trump is reportedly set to announce major U.S. military strikes against Iran within five days, according to a report citing a tweet from @zerohedge. In a separate report, Trump said a deal covering the Strait of Hormuz is close, with talks set to resume today, according to Fox News.
Trump's expected strikes announcement follows active military exchanges between the United States and Iran across the Gulf region, where U.S. forces have already hit Iranian air defenses and maritime capabilities as part of the ongoing conflict. These actions appear intended to increase pressure on Iran amid stalled negotiations, the report said.
Markets weigh a weaker reconstruction deal
Traders appear to interpret the looming strikes announcement as a factor that could reduce the likelihood of a broader U.S.-Iran agreement that would include reconstruction funding in 2026. The odds of that funding being part of a deal swung 13 points before easing back within the past 24 hours, according to the report.
Hormuz talks reportedly near a deal
Separately, Trump said negotiations over the Strait of Hormuz are nearing completion, with talks due to resume today, Fox News reported. The talks involve the United States, Iran, and Oman and cover unresolved issues including maritime access and sanctions relief.
A concluded agreement could mark a significant de-escalation, potentially reopening the strait to unhindered shipping and reducing the risk of conflict in the region. Pricing tied to an August 31, 2026 resolution on the end of the Iranian blockade rose, while odds for an earlier, August 15, 2026 date also increased — which the report said reflects participants' anticipation of a positive outcome.
Sources: Crypto Briefing, Crypto Briefing
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