Iran officials say the US has crossed the line and they signalled an intention to deliver a major lesson
Newsquawk Staff ·
Iran officials say the US has crossed the line and they signalled an intention to deliver a major lesson.
What it means
Iran's announcement indicates a significant escalation in tensions with the US, suggesting potential retaliatory measures that could impact oil markets. With energy prices sensitive to geopolitical risks, this development might trigger volatility in WTI and other commodities, as traders assess the implications for supply security and broader market sentiment.
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- 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
Related headlines
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats23 min ago
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports1 hour ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL3 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade5 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources5 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press5 hours ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm6 hours ago
- Falling debris over Saudi Arabia's Riyadh reportedly caused damage, SPA reports7 hours ago
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects7 hours ago
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue8 hours ago
- Yemeni Houthis claim to have struck Saudi Arabia's Defence Ministry in Riyadh with a ballistic missile8 hours ago
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions9 hours ago
- US Midterms (7 days out): Democrats’ early-vote lead narrows in 8 states; Texas and Nebraska flip to Republicans, South Carolina now tied10 hours ago
- Senior Ukrainian official says the ceasefire in Oleshky will last until November 1st10 hours ago
- Saudi crude exports reportedly exceeded 7mln BPD in the first 22 days of October, returning to pre-war levels and suggesting production has risen towards 9-10mln BPD, Bloomberg's Javier Blas reports, citing Vortexa data10 hours ago