Gold slide today as fire exchanged around Hormuz and in the norther Guld. USD higher. Oil up
- US-Iran Hormuz confrontation produced directly contradictory official accounts from both sides
- US struck Bandar Abbas ground control station; Iran denies any meaningful damage
- Iran has launched missiles and drones against Kuwait in the past hour
- Tehran’s four core red lines unchanged; Iranian parliament dismisses US rhetoric as strategic deadlock
- The ceasefire, officially still intact, is increasingly a label rather than a reality
Latest:
The Islamic Revolutionary Guard Corps said it targeted a US air base in direct retaliation for the earlier American strike near Bandar Abbas Airport, framing the missile and drone attack as a measured response to US aggression. The IRGC warned that any further US military action would trigger a more decisive response and placed responsibility for any consequences squarely on Washington. The statement removes any remaining ambiguity about Iranian intent: this is deliberate, named retaliation, not an isolated incident.
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The day’s developments painted a picture of a conflict that is widening rather than stabilising.
Earlier in the evening, a military confrontation in the Strait of Hormuz produced two irreconcilable accounts. Washington said Iranian drones threatened US forces and commercial shipping; US Central Command intercepted four one-way attack drones and struck an Iranian ground control station in Bandar Abbas to prevent a fifth launch. Iran said its navy fired warning shots at a US tanker running without radar and that the subsequent US strike caused no casualties. Both sides agree only that a strike near Bandar Abbas occurred.
In the past hour, Iran launched missiles and drones against Kuwait, marking a significant geographic expansion of the conflict beyond the strait and into Gulf state territory. The attack represents a sharp escalation with direct implications for regional security and energy infrastructure.
Earlier in the day, the head of Iran’s parliamentary national security committee restated Tehran’s four non-negotiable red lines: the right to enrich uranium, possession of enriched uranium, authority over the Strait of Hormuz, and removal of sanctions. All four remain exactly where they were before the conflict began.
This article was written by Eamonn Sheridan at investinglive.com.
