Iran threatens new military plan as Gulf vessel attacks lift oil prices

CNBC · 6 hours ago
Iran threatens new military plan as Gulf vessel attacks lift oil prices
  • Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said Iran's armed forces have prepared a response to any new attack by the U.S. and Israel.
  • UKMTO reported a tug hit by two unknown projectiles northeast of the UAE, a skiff attack on an LNG tanker southwest of Yemen, and a rocket-propelled grenade strike on a tanker northeast of Saudi Arabia.
  • Brent futures hit a session high of $110 per barrel before settling at $109.86, a 3.7% gain on Friday; WTI settled at $101.41, up 3.5%.
  • Saudi Arabia intercepted several missiles fired over the Red Sea, including one heading toward the Yanbu oil export terminal, and Aramco reported an attack on an administrative building in Dhahran.
  • President Trump said he does not intend to use nuclear weapons against Iran or foresee deploying ground troops.

Quotes

“Iran's armed forces have prepared a response to any new act of adventurism that would be far more devastating than the 12-day and 40-day wars”— Mohsen Rezaei
“Iran's new operational plan will not follow the rules with which they are familiar”— Mohsen Rezaei
“I wouldn't use nuclear. We don't have to. We're the greatest nuclear power in the world.”— Donald Trump

Sources