Breaking
"Iran’s Islamic Revolutionary Guard Corps to designate U.S. companies in the Middle East as targets from April 1"
Summary
- Iran’s state media said the Islamic Revolutionary Guard Corps would designate U.S. companies in the Middle East as targets from April 1.
- The remarks were interpreted as a response to military clashes, and raised concerns the fallout could widen by suggesting civilian companies may also be included among potential targets.
- Markets are focusing on how geopolitical risk in the Middle East could affect energy supplies and global financial markets.
Tensions across the Middle East are rising further as Iran signals retaliatory measures aimed at the United States.
According to Odaily, a cryptocurrency-focused U.S. outlet, on the 31st Iran’s state media reported that the Islamic Revolutionary Guard Corps (IRGC) said it would "designate U.S. companies in the region as targets from April 1, in retaliation for attacks on Iran."
The remarks are seen as a response to the recent run of military clashes, and have fueled concerns that the fallout could widen given the suggestion that even civilian companies may be included among potential targets.
Markets are watching closely for how heightened geopolitical risk in the Middle East could affect energy supplies and global financial markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
