US Secretary of War Hegseth says US is on course to destroy Iranian military means at a pace not seen before; Iran has no longer the ability to build more defences; US will keep on advancing; Gulf partners are now going on the offence

• Iranian missiles are down 90%.
• Iranian leadership has gone underground, says the new Iranian leader is wounded and likely disfigured.
• All of Iran's defence companies will soon be destroyed.
• New Iranian leader lacks legitimacy.
• US President Trump holds the cards and will decide on timing.
• Today sees the highest number of US strikes on Iran yet.
• The US will stop at nothing to win.
• The US wants to make sure oil keeps flowing; the only thing preventing traffic is Iran's attacks.
• One of the aims is to deny Iran the ability to produce a nuclear weapon. 

This statement from the US Secretary of War emphasizes an aggressive stance towards Iran, indicating a significant escalation in military actions. The implications for oil markets are notable, as the US aims to ensure uninterrupted oil flow while targeting Iranian capabilities, potentially heightening supply concerns and geopolitical risk premiums in energy markets.