**Recent Iranian statements have shaped trader views on undersea cable risks amid ongoing US-Iran tensions over the Strait of Hormuz.** In mid-October 2026, Supreme National Security Council secretary Mohsen Rezaei warned that renewed conflict with the United States could bring regional communications cables, data centers, and AI facilities within Iran's targeting range. Hardline figures and IRGC-linked media echoed the comments, highlighting seven major submarine systems transiting the Gulf and Strait of Hormuz while floating ideas of leverage such as access fees. These remarks followed stalled ceasefire and sanctions talks but produced no confirmed Iranian or proxy actions against cables. Prediction markets price near-term damage low—roughly 4-12% by late October or December—reflecting assessments that the statements serve primarily as deterrence rather than signals of imminent operations, given US naval presence in the area and the absence of verified preparations. No major cable incidents directly tied to Iran have occurred in the preceding weeks.