Israeli PM Netanyahu says Iran has no capacity to enrich uranium or make ballistic missiles after 20 days of war; US and Israel have destroyed Iran's fleet in the Caspian; Israel is helping the US open the Strait of Hormuz.
- We will continue to hunt down the leaders of the IRGC.
- Campaign will take as long as necessary.
- Israel will attack Iran by air, will also attack their leaders underground and from the sea.
- There are many possibilities for a ground component, won't share what they are.
- Air strikes not enough, ground action also required; options being considered but not disclosed.
- Too early to tell if Iranians will take to streets
Context
Israeli PM Netanyahu's comments signal an escalation in Israel's military actions against Iran, indicating a prolonged conflict. This raises concerns around the security of oil supply routes, particularly the Strait of Hormuz, and the potential for increased volatility in energy markets and broader geopolitical tensions. Traders should be mindful of possible impacts on commodities, especially oil and gold, as well as fluctuations in risk sentiment across currencies.
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