Trump and Netanyahu in urgent talks on possible new strikes on Iran

The signal here is less about a decision than about preparation: Israel's military is planning for a US shift even while its leadership defers action until after the election. That gap between readiness and political timing is what makes the situation unstable — a post-election window could open quickly, and Washington's lean is described as a belief rather than a commitment. For markets, the relevant variable is not the strike itself but whether the deferral holds, since any resumption would reprice regional risk across energy and shipping channels.