Iran targets Tel Aviv with missiles carrying cluster warheads in retaliation for the killing of security chief Larijani, while Iran's army vows decisive and regrettable revenge for Larijani killing
Newsquawk Staff ·
Iran targets Tel Aviv with missiles carrying cluster warheads in retaliation for the killing of security chief Larijani, while Iran's army vows decisive and regrettable revenge for Larijani killing.
What it means
Iran's missile strike on Tel Aviv, accompanied by threats of further retaliation, signals a significant escalation in regional tensions. This action could lead to heightened geopolitical risk that may affect oil prices, particularly WTI, as markets often react to conflicts that threaten supply stability in the region.
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.
- Violating oil tanker catches fire after hitting a mine in the eastern Strait of Hormuz, reports Irib
- Iran's Supreme Leader calls for proposals outlining acceptable conditions to end the war
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