IRGC say they targeted US-linked steel and aluminium facilities in Gulf states, state media reports; adds that the strikes were a warning and that if Iranian industries are hit again, Tehran’s next response will be more painful

The recent strikes by the IRGC on US-linked steel and aluminum facilities in the Gulf underscore escalating tensions and signify Iran's readiness to retaliate against perceived threats.

Newsquawk StaffPublished 2 Apr 2026, 11:13 UTCOn the live feed at 10:53 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

10:59

Stellantis (STLAM IM/STLAP FP) is recalling 44k petrol cars in the UK because of the fire risks

10:58

[MARKET UPDATE]: After reports IRGC targeted US-linked metals facilities in the Gulf, saw oil rise to session highs, as did the Dollar, to the detriment of G10 peers

10:53

IRGC say they targeted US-linked steel and aluminium facilities in Gulf states, state media reports; adds that the strikes were a warning and that if Iranian industries are hit again, Tehran’s next response will be more painful

10:51

Merck (MRK) starts phase 2b/3 trial evaluating Tiespectus for the treatment of neovascular age-related macular degeneration

10:50

Russia is likely to experience oil production cuts following drone attacks, Reuters reports citing sources

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The following targets were struck and their key sections destroyed:

US steel industries located in Abu Dhabi, UAE
US steel facilities in Abu Dhabi, UAE.
Undamaged sections of the US aluminium industries in Bahrain.
Rafael Weapons Industries.
Hideouts of the US “terrorist army” forces near the city of Manama.

Post adds:

"In this missile and drone operation, dozens of American “terrorists” were killed and injured. The impact sites were immediately quarantined by security forces, but ambulance traffic continued for hours to evacuate the wounded."

Context

This provocation could impact metal prices, particularly aluminum and steel, and may also stir broader market concerns over stability in the region, influencing commodity and risk asset flows.

Metals · last 90 days

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