IRGC says it launched a large-scale missile and drone operation targeting US bases and interests in the Persian Gulf and Strait of Hormuz, Israeli-linked sites, and petrochemical facilities in Saudi Arabia, IRCG says
The IRGC's declaration of missile and drone attacks targeting US and Israeli-linked sites, particularly in Saudi Arabia's petrochemical sector, represents a significant escalation in regional tensions.
Japan PM Takaichi says government will keep close eye on Middle East situation’s impact on economy, take necessary steps without hesitation, Reuters reports; sees no need to compile extra budget at the moment
Senior Israeli Security official told News 14 "Waiting for the ultimatum to expire tonight, after which if no agreement is reached-what doesn't look likely right now-Iran will burn"
IRGC says it launched a large-scale missile and drone operation targeting US bases and interests in the Persian Gulf and Strait of Hormuz, Israeli-linked sites, and petrochemical facilities in Saudi Arabia, IRCG says
Iranian President Pezeshkian reportedly accused IRGC commanders of unilateral actions that "wrecked ceasefire prospects and pushed Iran towards disaster", Iran International reports citing sources
Newsquawk Daily US Opening News - 7th April 2026
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- "In the first part of the attacks, the largest petrochemical complex belonging to the American companies Sadra, ExxonMobil and Dow Chemical, located in the "Al Jabeel" region of Saudi Arabia, and the large petrochemical complex of the American company "Chevron Phillips" located in "Al Juima", Saudi Arabia, were effectively targeted by medium-range missiles and several suicide drones.
- The IRGC declares once again that if the American terrorist army crosses the red lines, our response will be beyond the region. We are not and will not initiate attacks on civilian targets; But we will not hesitate to retaliate against vicious attacks on civilian facilities.
- We will work with the infrastructure of America and its partners to deprive America and its allies of oil and gas in the region for years.
- America's regional partners should also know that until today we have exercised great restraint for the sake of good neighborliness and had some considerations in choosing the targets of countermeasures, but all these considerations have been removed."
This could lead to heightened geopolitical risks that may impact oil supply routes, pushing up prices and influencing market sentiment around commodities, particularly WTI. Traders should be wary of the potential for a prolonged conflict that could disrupt energy markets.
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