Iran's Foreign Minister Aragchi says American bases were established to support Israel, and claims Washington would sacrifice regional countries to back Zionist interests.

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Iran's Foreign Minister Aragchi says American bases were established to support Israel, and claims Washington would sacrifice regional countries to back Zionist interests.

Israeli media reports US President Trump may announce a ceasefire with Iran by next Saturday even without reaching a final agreement

Iranian media reports explosions in Shiraz in southeast of the country

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Context

Iran's Foreign Minister's statements highlight escalating tensions between the U.S. and Iran, particularly in the context of U.S. support for Israel. This rhetoric could amplify geopolitical risk, affecting energy prices like WTI and the USD as traders reassess the possible implications for stability in the region. Monitoring how markets react to these developments is crucial, especially for commodities and safe-haven assets.

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