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Geo-PoliticalMarkets
Iran’s IRGC: Targeted 85 US military sites in Bahrain, Kuwait after ceasefire breach
The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Wednesday that it “targeted 85 US military sites in Bahrain and Kuwait following the US ceasefire breach.
The Iranian military added that it “downed a US MQ9 drone in the country’s south”, as cited by Iran’s Press TV.
Market reaction
As of writing, WTI is trading modestly flat below $72,50, unperturbed by these headlines. The US oil has stalled its previous rebound from almost pre-war levels.
