Iran's Revolutionary Guards say they will not allow a single litre of oil to be exported from the region if the US and Israeli attacks continue, adds that they will determine how and when the war ends
Newsquawk Staff ·
- US President Trump's comments about Iran were nonsense.
What it means
The statement from Iran's Revolutionary Guards signals a potential escalation in tensions, indicating a firm stance against US and Israeli military actions. If implemented, their threat to halt oil exports could significantly impact global oil markets, pressuring prices upwards and affecting currencies reliant on energy exports. Traders should closely monitor related assets, as geopolitical risks often lead to volatility in both commodities and equities.
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