Historical forecast replay. Treat the question's as_of timestamp as a hard knowledge cutoff. Do not use or mention later events, current market prices, the final market settlement, or retrospective revisions. The historical market probability and final outcome are intentionally withheld from the research Agents.
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As of January 25, 2026, the U.S.-Iran situation has escalated to an extremely tense state. Due to large-scale anti-government protests in Iran from late 2025 to January 2026 and the regime's harsh crackdown, U.S. President Trump has repeatedly publicly warned of direct military intervention and claimed that U.S. forces are "locked and loaded." At the same time, the U.S. military has carried out its largest military deployment in the Middle East since the 2003 Iraq War, including deploying multiple carrier strike groups (such as the "Lincoln" and "Ford"), stealth fighters, and warships. Against the backdrop of stalled negotiations on the nuclear program and ballistic missiles, and with U.S. forces heavily deployed, the possibility of the U.S. launching air/missile strikes on military targets or nuclear facilities in Iran's homeland before February 28, 2026 is extremely high.
I choose YES. As of January 25, 2026, the US President has repeatedly publicly threatened military action if Iran suppresses protesters or restarts its nuclear program, and has stated that a fleet including an aircraft carrier and missile destroyers is heading toward Iran. The US already has the real capability to carry out airstrikes, drone or missile strikes, and both political threats and military deployments point to escalation in the short term; therefore, the probability of a strike meeting the rules occurring before February 28 is significantly higher than not occurring. [web:61][web:76][web:83]
As of January 25, 2026, the US has dispatched the USS Abraham Lincoln carrier strike group to the Middle East, Trump has been briefed on multiple strike options, and while claiming diplomacy is the first choice, he continues military pressure. Given the irreconcilable core differences between the two sides, the likelihood of a US strike between January 25 and February 28 is relatively high.
As of January 25, 2026, U.S.-Iran tensions have escalated significantly due to the crackdown on large-scale protests in Iran (with thousands of deaths), residual nuclear issues, and missile/proxy factors. The Trump administration has initiated the largest Middle East military buildup since 2003, with the USS Abraham Lincoln carrier strike group and destroyers redeployed from the Asia-Pacific, F-15E fighters deployed to the Middle East (Jordan, etc.), and air defense assets reinforced, clearly preparing for strikes or coercive diplomacy. Trump publicly stated that an 'armada' is on its way and threatened to act with 'speed and violence' if Iran kills more protesters or restarts its nuclear program, and there is a precedent of strikes on nuclear facilities in June 2025. Although the protests have largely subsided, he said he 'would prefer not to' and there is a possibility of negotiations and allied dissuasion, the high cost of the buildup, high leverage pressure, and difficulty in breaking through core red lines (enrichment, missiles, etc.) in negotiations mean that if there is no agreement or new provocations occur in the coming weeks, the likelihood of launching drone/missile/airstrikes that meet the definition before the end of February is relatively high. Overall judgment leans toward YES.
As of January 25, 2026, U.S.-Iran tensions have escalated significantly, but no U.S. drone, missile, or airstrike on Iran's homeland or embassies and consulates that meets the market definition has occurred. The Trump administration has publicly threatened that 'help is on the way', canceled meetings with Iranian officials, and sent a 'fleet' led by the aircraft carrier USS Abraham Lincoln to the Middle East; Iran has warned it will strike U.S. and Israeli targets. In the next month or so, if the crackdown continues, negotiations break down, or miscalculations occur, the likelihood of the U.S. launching limited strikes is slightly greater than not striking, but there remains a significant possibility of avoiding military conflict through negotiations or deterrence.
As of 12:00:15Z on January 25, 2026, I lean slightly toward NO. The US was very close to ordering a strike around January 14, and is moving the USS Abraham Lincoln carrier strike group to the Middle East, indicating that military preparations are not merely verbal deterrence; Trump also issued another stern warning on January 22. However, the factors that led to the previous suspension of action still exist: Iran reportedly suspended mass executions, Trump publicly expressed hope that the fleet would not be needed, regional allies are concerned about Iranian retaliation and escalation, and as of the cutoff there is no credible evidence that Trump's red line has been clearly breached again. Considering the approximately one-month forecast window, I believe the probability of no qualifying US military strike is only slightly higher.
As of January 25, 2026, US-Iran tensions have escalated significantly: the US military is assembling its largest air and naval forces in the Middle East in decades (AP report on January 23), the USS Abraham Lincoln carrier strike group has been ordered to reinforce, and Israel has also issued warnings of military action; Iran has seen large-scale anti-government protests since late December 2025 with harsh crackdowns, providing a potential pretext for external intervention. However, as of the cutoff date, there is no authoritative report that the US has explicitly 'ordered a strike', nuclear negotiation channels remain open, and the large-scale buildup can also be interpreted as pressure and deterrence for negotiations. Overall, the probability of actual missile/airstrikes in the next five weeks is higher than the usual baseline, but it is not yet the base case, so I lean NO.
As of January 25, 2026, the US and Iran are in a state of "high threat but with brakes applied": Iran has seen large-scale protests since December 28, 2025, with the death toll exceeding 2,000 according to human rights organizations. Trump publicly threatened military intervention multiple times on January 2 and January 13, saying "aid is on the way." However, the key turning point was January 14—Trump stated that he learned from a "very good source" that "the killing has stopped" and planned executions would not be carried out, and he immediately suspended the already prepared strike plan. By mid-to-late January, the protests largely subsided, and the most direct trigger for opening fire disappeared; Israel, Saudi Arabia, and Gulf states all advised the US against military action; the US Congress did not authorize the use of force against Iran; and both the US and Iran expressed openness to indirect negotiations. Although the US military buildup in the Middle East continues to advance, and Trump already has a precedent of actually striking Iranian nuclear facilities in June 2025, indicating that the threshold is not insurmountable, from the historical rhythm of "pressure—ultimatum—strike" (the 2025 round took about two months from setting a deadline to actual action), completing a real air/missile/drone strike on Iranian territory within a window of only about 34 days until February 28 would require another rapid reversal of the situation. In addition, the market's definition of a "qualifying strike" is strict: interceptions, air defense missiles, artillery, naval gunfire, cyber operations, ground operations do not count, and strikes against proxies in Iraq/Yemen also do not count, which further lowers the YES probability. Overall, it is more likely that no qualifying strike will occur within this window.
Based on information available as of January 25, 2026, the likelihood of the U.S. launching direct air strikes on Iran before February 28 is relatively low, but the situation remains uncertain. The main reasons are as follows: 1. **Signs of diplomatic priority**: Senior Trump administration officials have repeatedly emphasized resolving tensions with Iran through diplomatic means. For example, U.S. envoy Steve Witkoff stated clearly on January 15, 2026 that the Trump administration prefers diplomacy over military action in dealing with the Iran crisis, and said that if Iran stops violently cracking down on protesters, the U.S. may not take military action. White House spokesperson Karoline Leavitt also reiterated that if Iran continues to crack down on protesters, it will face serious consequences, but did not explicitly state that military strikes would be taken. In addition, Trump announced in June 2025 that he would give diplomatic efforts two weeks and postpone military action decisions, showing caution on military options (fF5UquJb, ITSDJwhV). 2. **Deterrent purpose of military deployment**: The U.S. has recently increased military forces in the Middle East, including the nuclear-powered aircraft carrier USS Abraham Lincoln carrier strike group and F-15E fighters, but these deployments are more interpreted as 'coercive deterrence' rather than direct war preparation. U.S. officials describe the current military posture as 'primarily defensive', aimed at protecting U.S. personnel and facilities in the Middle East while pressuring Iran. Although the movement of military assets shows preparation for intervention, there is no clear evidence that the U.S. has decided to launch air strikes before February 28 (rhhZy411). 3. **Internal pressure in Iran and U.S. decision-making**: Protests in Iran continued in early 2026, and economic collapse increased regime instability, but this did not directly prompt the U.S. to decide on military strikes. Analysis indicates that although the U.S. has considered military intervention and regime change options, Congress has not authorized the use of force against Iran, and the Trump administration did not obtain explicit military action authorization in the December 2025 National Defense Authorization Act. This means any military action would face legal and political obstacles (bUuLw30v, GgVHaLmK). 4. **Historical background and risk considerations**: In the '12-Day War' of June 2025, although the U.S. assisted Israel in striking Iranian nuclear facilities, the operation was limited in scale and did not escalate into a full-scale war. Since then, U.S. military actions against Iran have remained at the level of deterrence, avoiding direct conflict. In addition, Iran has clearly stated that it will retaliate against any U.S. military strike, including targeting U.S. military bases and shipping, which would significantly increase the risk of U.S. decision-making (A8655NBG, 10). 5. **Time window and decision pressure**: The time window until February 28 is already tight, and there is no clear consensus within the U.S. government on military action. Although the Trump administration retains the military option, it prefers to force Iran to make concessions through diplomatic and economic pressure rather than launch air strikes in the short term. In summary, although U.S. military deterrence against Iran continues, the likelihood of direct air strikes is relatively low, mainly due to diplomatic priority, legal obstacles, risk considerations, and time pressure.
As of January 25, 2026, public authoritative information shows that the U.S. government has not officially announced plans to launch drone, missile, or airstrike operations against Iran's homeland or its embassies and consulates abroad that meet the rule definition before February 28, 2026. Current U.S. statements still focus on limited defensive actions and diplomatic deterrence, and the motivation for directly escalating to a comprehensive strike on Iran is not yet sufficient.
As of January 25, 2026, available information shows that US-Iran relations are in a state of high tension but have not yet slid to the brink of war: on December 30, 2025, after meeting with Netanyahu, Trump publicly threatened that if Iran continues its nuclear program, the US will strike Iran again ('knock the hell out of Iran'); around January 20, 2026, IAEA Director General Grossi warned that the inspection stalemate with Iran 'cannot last forever,' diplomatic efforts are stalled, and the whereabouts of Iranian nuclear materials are unknown, indicating that the US and Iran were indeed in a deadlock in late January. However, the 'Yes' threshold for this market is very high: it must be a bomb, drone, or missile launched by US armed forces actually hitting Iranian territory or official embassies/consulates; intercepted weapons, Israeli proxy actions, ground operations, cyber attacks, etc. do not constitute 'Yes.' At the same time, as of January 25, there is no hot war context like the June 2025 Israel-Iran war—that year's US airstrikes on Iranian nuclear facilities occurred within the framework of a war in which Iran directly attacked Israel and US assets; the current US threat of force is more consistent with its usual negotiation strategy of 'maximum pressure to extract a deal,' and indirect contact channels (such as Oman and other mediators) are still functioning. Overall, the absolute probability of the US proactively striking Iranian territory within the approximately five-week window is clearly lower than not striking, but tail risk is higher than the long-term baseline, so I judge 'No' with a probability of about 80%.
As of January 25, 2026, despite continued US-Iran tensions, the likelihood of the US directly launching airstrikes, missile, or drone strikes against Iran remains low. Directly attacking Iran proper would mean a major escalation, potentially triggering a full-scale regional war, a Strait of Hormuz crisis, and global energy market turmoil. Historically, the US has tended to pressure Iran through sanctions, cyber operations, and proxy means rather than direct military strikes on homeland targets.
As of January 25, 2026, there is no reliable evidence in public authoritative reports or official information that the US has already or clearly plans to launch drone, missile, or airstrikes against Iran proper or Iranian official diplomatic missions before February 28, 2026. Although US-Iran relations are tense, the signals of geopolitical conflict escalation have not reached such a specific level of military action, and all parties are still maneuvering at the diplomatic and deterrence level, so the more likely scenario is that an 'airstrike' as defined by the rules will not occur.
As of January 25, 2026, there is no credible public reporting or official statement indicating that the US plans to launch direct air, missile, or drone strikes against Iran proper or its diplomatic facilities before February 28, 2026. Although US-Iran relations have long been tense, with proxy conflicts and cyber warfare, direct military strikes are generally considered an extremely high escalation threshold requiring a clear triggering event and high-level political decision. The current geopolitical situation, while complex, lacks urgent evidence of an imminent direct kinetic strike. Historical data shows that such major military actions are often accompanied by clear diplomatic breakdown, large-scale troop buildup, or public war rhetoric, and these signs are not currently significant. Therefore, based on available information, the probability of this event occurring in the short term is low.
Before the knowledge cutoff date of January 25, 2026, there was no public information indicating that the United States would launch an attack on Iran before February 28, 2026.