IRGC claims they attacked US oil facilities in Yanbu, Saudi Arabia last night, according to state media

Context

The IRGC's claim of an attack on US oil facilities in Yanbu is likely to heighten tensions in the region, indicating a potential escalation which investors should monitor closely. This could disrupt oil supply and impact WTI prices, as any sustained conflict in the area may lead to increased risk premiums in energy markets. The implications for broader geopolitical stability and market sentiment towards riskier assets could also be significant in both the EU and US trading sessions.

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