Ongoing US-Iran tensions and airstrikes since late February 2026 have centered on military targets, with recent American strikes in early June hitting surveillance, communications, and air-defense sites. Negotiations produced a draft memorandum announced June 14, with electronic signing reported and a formal agreement expected around June 19 in Switzerland to end hostilities, reopen the Strait of Hormuz, and address nuclear issues. No ground operations or official visits by US congressional members, Trump administration figures, or other listed individuals have occurred or been scheduled inside Iran. The market reflects trader consensus on the low probability of any physical entry by the deadline amid active diplomacy and the absence of invasion plans.