Overview
- Israel’s defense minister Israel Katz said Tuesday that Israel wants to hit Iranian energy facilities but the United States has refused to approve such strikes.
- Katz said the Israel Defense Forces have been ordered to prepare contingency plans to act independently and that Israel would retaliate forcefully if Iran fires on Israeli territory.
- Israeli officials and reporting point to a mid‑June operation that struck about 30 Iranian fuel depots as a precedent for targeting Iran’s energy infrastructure.
- Markets and prediction markets have reduced the odds of a U.S.‑Iran diplomatic settlement in 2026 as investors price in higher geopolitical and oil‑supply risk.
- Benjamin Netanyahu is set to discuss Iran with President Trump, a meeting that will test U.S. restraint versus Israeli pressure and shape near‑term risks to Gulf states, shipping through the Strait of Hormuz, and global fuel prices.