IRGC commander declares ‘new phase’ of reprisal attacks against aggressors, and warns that if the US crosses red lines, the IRGC’s response “will extend far beyond the region”

The IRGC commander’s declaration of a ‘new phase’ in retaliation against perceived aggressors signals a potential escalation in tensions, particularly involving the US. This rhetoric suggests that any crossing of 'red lines' could provoke responses that extend the conflict beyond the immediate region, which may weigh on risk assets and support safe-haven currencies like the USD or gold going forward.