Iranian regime appears to be intact, but largely degraded by US military operation, according to the US Director of National Intelligence

• Iran and its proxies remain capable of attacking the US and allied interests in the Middle East.

The assessment from the US Director of National Intelligence indicates that while the Iranian regime remains in place, it has been significantly weakened by recent military actions. This situation may elevate tensions in the Middle East, potentially influencing oil prices, especially WTI, as disruptions or threats to oil infrastructure are a concern amidst heightened geopolitical risk.