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
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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."
Context
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. 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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