[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

The escalation of tensions following reports that the IRGC targeted US-linked metals facilities in the Gulf has pushed oil prices to session highs and strengthened the Dollar.

Newsquawk StaffPublished 2 Apr 2026, 11:18 UTCOn the live feed at 10:58 UTC — 4 more headlines followed before this page went public

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11:01

McDonald's (MCD) says from April 21st, it will be expanding its value offerings through new under USD 3 menu and USD 4 breakfast meal deal

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

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Context

This geopolitical risk is likely to weigh on G10 currencies, with markets reacting to heightened uncertainty and potential supply disruptions, suggesting a flight to safety among investors.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

Brent crude, after we published+0.5%

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