Modad Geopolitics

Modad Geopolitics

Iran War Risk Update

US military movements suggest a war is imminent, raising risk to American assets throughout the Gulf, Israel, Lebanon, Azerbaijan, and Iraq.

Firas Modad
Sep 30, 2025
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Commercial Summary: Rapidly rising risks to American energy assets and personnel in Iraq and the GCC, as well as to shipping.

American jets, aerial refuelling tankers, and at least one aircraft carrier are gathering in the Middle East. More than what we reported yesterday.

If this is not mere sabre rattling (which does not require such a deployment), the only plausible explanation is that war on Iran is imminent, with the aim of inflicting enough damage to force Iran to accept full de-nuclearisation.

Houthi indicate their intent to escalate against the USA.

The Houthi have indicated their intent to escalate against American shipping.

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