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US–Iran War “Imminent”? Report Signals Rapid Military Escalation as Oil Prices Jump

by Ayodeji Onibalusi
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Fresh geopolitical tensions are rattling global markets after reports surfaced suggesting a potential US-Iran conflict could be imminent.

According to a report cited by Axios, intelligence assessments indicate that a military confrontation involving the United States and Iran may unfold within days. Israel is reportedly preparing for a rapid escalation scenario that could evolve into a weeks-long, full-scale campaign.

Sources referenced in the report outline a significantly broader joint US-Israeli military operation than previous engagements. The buildup allegedly includes:

Two US aircraft carriers deployed in the region 12 warships and multiple air defense systems Hundreds of fighter jets Over 150 US military cargo flights transporting weapons and ammunition to the Middle East An additional 50 fighter jets deployed within 24 hours, including F-35s, F-22s, and F-16s

While no official declaration of war has been made, the reported military posture signals a sharp escalation in preparedness.

Markets React Immediately

Global oil markets responded swiftly to the news, with crude prices climbing above $64 per barrel amid fears of supply disruptions in the Middle East — a region responsible for a significant portion of global oil output.

Energy analysts warn that any sustained conflict could trigger further volatility, affecting global energy prices, shipping routes, and financial markets.

Uncertainty Remains

At this stage, the situation remains fluid. Government officials have not publicly confirmed the full scope of the reported preparations, and diplomatic channels may still be active behind the scenes.

However, the scale of the alleged military mobilization has intensified global attention, with investors and policymakers closely monitoring developments.

The coming days will likely determine whether tensions de-escalate diplomatically, or move toward open confrontation.

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