DAILY SUMMARY
The situation in the Middle East remains elevated as the U.S. and Israel continue operations against Iran and Iranian retaliatory actions continue across the region. Following the announcement of the new Iranian Supreme Leader as Mojtaba Khamenei, there is an increased likelihood of escalating U.S. and Israeli strikes on Iran.
Iranian officials expanded the scope of potential targets to include U.S. or Israeli affiliated banks and technology companies operating in the region, and announced vessels would require Iranian authorization prior to transiting the Strait of Hormuz.
