Headlines

IRGC says it launched missiles carrying 2-ton warheads in a new wave of heavy, multi-warhead strikes targeting US bases in Iraq and Bahrain as well as Israel

Newsquawk Staff ·

IRGC says it launched missiles carrying 2-ton warheads in a new wave of heavy, multi-warhead strikes targeting US bases in Iraq and Bahrain as well as Israel.

What it means

The Iranian Revolutionary Guard Corps (IRGC) escalating missile strikes on US bases and Israel marks a significant intensification of geopolitical tensions in the region. This could lead to a flight to safety in currencies like the USD and assets such as gold, while also impacting energy prices due to supply risk, underscoring the fragility of the current geopolitical landscape.

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