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Secretary of State Marco Rubio said the economic pressure campaign against Iran is working so effectively that major combat operations are not currently necessary. The remark, relayed via Walter Bloomberg's @DeItaone feed, signals the administration's preference for sanctions and economic leverage over military escalation. It matters because it lowers the near-term risk of conflict in the Middle East, a key factor for oil markets and risk sentiment. Traders will watch whether Tehran responds diplomatically or tests the pressure campaign, and whether the "no major combat" stance holds as sanctions tighten.

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Iran, Marco Rubio