The IRGC's navy has issued retaliatory strikes and have warned that escalation will expand the target list and speed up America's removal from the region

The Iranian Revolutionary Guard Corps (IRGC) navy's recent retaliatory strikes indicate a significant escalation in regional tensions. Their warning about expanding target lists and accelerating the removal of U.S. forces signals potential further instability, which could have immediate implications for oil prices and safe-haven assets like gold, while also influencing risk sentiment broadly across the markets.