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Geopolitics

How many different countries will Israel strike in 2026?

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Bulls Say, Bears Say

Bulls Say

Israel's recent multi-front conflicts show expanding geographic reach

Ongoing tensions with Iran, Hezbollah, Houthis, and proxies create multiple strike vectors

28¢ pricing implies meaningful market consensus for an aggressive scenario

Bears Say

Weekly price drop of 9.3% signals fading confidence in this outcome

Striking exactly 4 distinct countries is a narrow, specific threshold to hit

Ceasefire pressures and diplomatic constraints likely limit escalation to new targets

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