Iran's Rezaei says they will target US military bases within Europe if US craft depart from there to strike Iran. Elsewhere, discussed with Russian President Putin the importance of the North Sea corridor, and the possible transfer of Russian gas to Iran
Newsquawk Staff ·
Iran's Rezaei says they will target US military bases within Europe if US craft depart from there to strike Iran. Elsewhere, discussed with Russian President Putin the importance of the North Sea corridor, and the possible transfer of Russian gas to Iran.
What it means
Explicit Iranian threats against bases on European soil mark a step beyond the usual pattern of proxy retaliation confined to the region, and past episodes of this kind have tended to price through the insurance and freight channel rather than through actual supply loss: war-risk premia on Gulf transit, tanker rates, and the front of the crude curve moving against a stable back end. The distinction that matters is rhetoric versus targeting of a NATO member's territory, since the latter carries treaty implications and historically shifts the market from pricing disruption risk to pricing escalation risk. The North Sea corridor and Russian gas transfer discussion fits an established pattern of Moscow-Tehran energy cooperation deepening under sanctions pressure, where talks of swaps and transit have recurred for years with limited physical follow-through, so the signal is strategic alignment rather than near-term flow change. The named actor's form matters: statements from senior Iranian military-political figures are often calibrated signalling rather than operational intent, and the tell is whether the language is repeated by the chain of command that controls the assets. Worth noting is whether any US or European posture change follows, and whether the gas discussion resurfaces in formal bilateral channels, which is where such talk has previously either firmed into agreements or faded.
- Ambrey says a merchant vessel was struck by an unknown projectile 14 NM off UAE's Ras Al Khaimah on Wednesday
- EUROPEAN OPEN: NVDA falls amid further CEO allegations; Hon Hai Q3 profit tops expectations; SIE GY Q4 revenue beat, confirms SHL GY distribution; RR/ LN announces GBP 1.5bln buyback; MRK GY raises FY26 revenue & EBITDA view; HLAG GY lifts EBITDA guidance
- IRGC says there were explosions affecting two tankers in the Strait of Hormuz; "Both vessels were super tankers carrying in total more than 4 million barrels of oil, which are now burning in the fire of trust in the plundering and aggressive US Army."
- Iran's Press TV states that Iran and Oman have reached an agreement on maritime traffic through the Strait, while Iran says 7 conditions must be met for talks and Hormuz reopening, according to Press TV
- Newsquawk Daily Asia-Pac Opening News - 12th November 2026
Related headlines
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 7 TICKS LOWER AT 106-0114 hours ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.49 HIGHER AT 86.53/BBL; BRENT (F7) SETTLES USD 1.27 HIGHER AT 92.76/BBL15 hours ago
- US VP Vance is considering face-to-face talks with a top Iranian security official as he emerges as the lead negotiator with Iran, in an effort to end a war seen as a drag on the Republican Party, WSJ reports citing officials15 hours ago
- Ukraine’s President Zelensky says Russia's envoys reject ceasefire proposals15 hours ago
- Iran attacked ship navigation systems on Oman’s Didamar island in the Strait of Hormuz, according to Reuters citing sources16 hours ago
- Italy sells EUR 5.25bln vs exp. EUR 5-5.75bln 3.00% 2029, 3.35% 2033 BTP & EUR 1.5bln vs exp. EUR 1-1.5bln 4.10% 2046 BTP Green41 min ago
- UK sells GBP 4bln 4.125% 2033 Gilt: b/c 3.52x (prev. 3.4x), average yield 4.993% (prev. 4.761%) & tail 0.2bps (prev. 0.2bps)44 min ago
- Israeli Defence Minister Katz says they would not wait for permission to take action against Iran, Gaza, Lebanon, Syria, or the West Bank; decision making is up to PM Netanyahu's cabinet1 hour ago
- Ukrainian President Zelensky posts that the SpaceX (SPCX) Starshield system speed limits are in effect at 161 kilometers per hour1 hour ago
- Newsquawk Daily Bond Auction Preview - 12th November 2026 1 hour ago
- Citrini's Jukan says that "One thing I’ve been able to confirm is that NVIDIA's (NVDA) Rubin has been delayed again. I’m told motherboard warpage caused the latest delay and that the HBM issue was resolved in October"2 hours ago
- Russian Official Ryabkov urges avoiding uncontrolled escalation after negotiations2 hours ago
- Russian President Putin is reportedly to speak with the US envoys at around 09:00GMT2 hours ago
- Newsquawk Daily European Equity Opening News - 12th November 20263 hours ago
- UK GDP Growth Rate Prel (Q3 QQ) 0.7% vs. Exp. 0.7% (Prev. 0.5%)3 hours ago