Bond Yields Rose And U.S.-Iran War Escalated Again. Stocks Fell.
Oil topped $90 a barrel as U.S. and Iranian strikes revived fears of wider disruption to shipping and inflation, officials and traders said.
8 Articles
8 Articles
Iran warns US strikes will 'tighten the lock' on Strait of Hormuz
The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military response employing missiles and drones against US interests, leading to an alarming rise in hostilities around this critical maritime route.
The US confrontation has entered a new phase of escalation, with the Strait of Hormuz and its surroundings turning into one of the most visible theatres of military operations, with the US carrying out new strikes on Iranian targets, in conjunction with Tehran's announcement of the start of reaction and the launching of rockets and marches, while the Revolutionary Guards have promised to tighten the closure of the Strait. The Strait of Hormez is…
The Iranian Revolutionary Guard announced that US attacks have further tightened the Strait of Hormuz and that there will be a regrettable response. They also claimed to have shot down a US drone.
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