Iran’s Islamic Revolutionary Guard Corps (IRGC) says the conflict with the United States remains ongoing and that Iran is prepared for a prolonged engagement. The position follows the breakdown of ceasefire efforts earlier in 2026 and suggests that Tehran is maintaining its military stance rather than returning to diplomatic negotiations. Recent Iranian actions and threats, particularly around the strategic Strait of Hormuz, have added to regional instability. Prediction-market pricing indicates falling confidence in a US-Iran agreement in 2026, including reduced expectations that key diplomatic components will be part of any deal. Observers will focus on mediation efforts by Qatar and Pakistan, as well as military actions and statements from Iranian Foreign Minister Javad Zarif and US negotiator Mike Vance. A new ceasefire or an escalation in military activity could change market expectations.