The US military has conducted its thirteenth consecutive night of strikes against Iranian military targets, according to US Central Command statements reported Friday. The ongoing campaign specifically targets Islamic Revolutionary Guard Corps assets and infrastructure in response to threats against commercial shipping operations in strategic waterways.
This represents the longest sustained US military action against Iran in recent years, significantly escalating tensions in the Middle East. The strikes aim to degrade IRGC capabilities that have threatened vital shipping lanes, particularly in the Strait of Hormuz region where roughly one-fifth of global oil supplies transit daily.
Traders should monitor energy markets closely as sustained military operations near critical chokepoints typically drive crude oil volatility. Any Iranian retaliation or further escalation could trigger immediate supply disruption fears. Regional instability is already influencing safe-haven flows into gold and the US dollar.
FXnCO Insight
Energy traders should implement tighter stop-losses and consider protective options strategies as geopolitical risk premium in oil futures remains elevated with no clear de-escalation timeline.
Source: FXStreet