Iran Deputy Foreign Minister says the EU is a "legitimate" target if it joins the war, according to France 24
Newsquawk Staff ·
Iran Deputy Foreign Minister says the EU is a "legitimate" target if it joins the war, according to France 24.
What it means
The statement from Iran's Deputy Foreign Minister underscores increasing tensions and the potential for escalation if the EU becomes more involved in the conflict. This rhetoric could heighten market sensitivities around energy supplies, particularly affecting WTI as traders may price in risks associated with potential sanctions or disruptions. Watch for market reactions in energy commodities and safe-haven assets as the situation develops.
Sources
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- 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
- Qatar has not presented a new proposal to end hostilities between Iran and the US, Reuters reports, citing a senior Iranian official; Tehran's policy of showing no flexibility over the nuclear issue remains unchanged
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