IRGC deputy chief says the US would suffer severe repercussions if it escalates tensions against Iran, would face consequences if it “ups the ante” against Iran, Press TV reports

This statement from the IRGC deputy chief suggests heightened tensions between the U.S. and Iran, indicating potential volatility in geopolitical dynamics. If tensions escalate, it could have significant implications for energy markets, particularly WTI prices, as uncertainty typically drives risk premiums higher. Traders should watch for possible market reactions in both oil prices and broader risk sentiment as the situation develops.