Iran's IRGC ground units conducted a tactical exercise on Wednesday, practising a missile attack scenario; strike site closely resembled part of the US al-Dhafra base in the UAE and tactical ballistic missiles were used in this scenario

Iran's IRGC ground units conducted a tactical exercise on Wednesday, practising a missile attack scenario; strike site closely resembled part of the US al-Dhafra base in the UAE and tactical ballistic missiles were used in this scenario.

Iran's IRGC conducting a missile exercise that simulates an attack on a site resembling a US military base signals rising tensions in the region. This development could elevate geopolitical risk, particularly affecting energy markets, where WTI prices may react due to concerns over supply disruptions and broader regional stability. Traders should watch for market movements in oil and broader implications for risk assets as the situation unfolds.