IDF announces a new wave of strikes on Iran begins
Newsquawk Staff ·
IDF announces a new wave of strikes on Iran begins.
What it means
The IDF's announcement of a new wave of strikes on Iran suggests a potential escalation in regional tensions, which could significantly impact oil prices, particularly WTI. Markets may be bracing for supply-side shocks, and investors might seek safe-haven assets like gold or the dollar amid rising geopolitical risks.
Sources
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
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- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports
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