Iran's IRGC Warns of 'More Crushing' Retaliation Against US and Allies

The Islamic Revolutionary Guard Corps (IRGC) of Iran has escalated its rhetoric, warning of "more crushing" retaliation against the United States and allied nations that host US military bases. The threat was specifically timed to coincide with the European trading session, suggesting potential market impact from heightened geopolitical tensions.

This marks an escalation in the ongoing standoff between Tehran and Washington, with the IRGC signaling increased willingness to target not only the US but also countries perceived as complicit through their basing agreements. No specific targets or timing were detailed in the statement.

Markets are likely to monitor the development closely, as any escalation could trigger safe-haven flows and volatility in currency pairs, particularly those involving the US dollar and risk-sensitive currencies.