US military is making preparations for potential strikes on energy targets in Iran, according to WSJ citing multiple US officials
- An official stated that there are many energy targets in Iran with a military nexus.
- An energy source could be considered a legitimate military target if it has been used for military purposes, an official said, for instance if it is being used to provide fuel for mobile rocket launchers.
Context
The news regarding potential US military strikes on energy targets in Iran could heighten geopolitical tensions and lead to significant volatility in oil prices and broader commodity markets. If the situation escalates, we might see increased demand for safe-haven assets like gold, while geopolitical risk could also impact the USD and other currencies, depending on market reactions to shifts in risk sentiment.
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