Iran targeted US-linked steel and aluminum industries in Gulf -Iranian state media
According to the Iranian state media, Iran’s Revolutionary Guards (IRG) have reported that they targeted United States (US)-linked steel and aluminum facilities in Gulf states. IRG said that these strikes were a warning; if Iranian industries are hit again, Tehran’s next response will be more painful.
Market reaction
The US Dollar (USD) is already showing resilience amid a risk-off mood. As of writing, the US Dollar Index (DXY) trades 0.7% higher to near 100.25.
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