Iran’s Revolutionary Guards report targeting US military locations amid escalating tensions, with oil markets showing muted reaction near $72,50.
Iran’s Islamic Revolutionary Guards Corps (IRGC) announced it targeted 85 US military sites in Bahrain and Kuwait following a reported US ceasefire breach. The IRGC also claimed to have downed a US MQ9 drone in southern Iran, citing military sources.
Oil markets displayed limited reaction, with West Texas Intermediate (WTI) trading modestly flat below $72,50. The benchmark had previously rebounded from near pre-war levels but stalled amid the latest geopolitical developments.
Risk sentiment remained largely unaffected, with investors showing no immediate shift toward safe-haven assets. Commodity-linked currencies like the AUD, CAD, and NZD held steady, reflecting subdued market volatility.