market medium confidence

IRGC Claims New Attacks on US Warships Over Naval Blockade; Ghalibaf Warns of 'Faster, Heavier, More Painful' Response

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The Strait of Hormuz crisis continued into September 6 (Sunday) with no sign of de-escalation: Iran's Revolutionary Guard Corps claimed fresh attacks on US warships enforcing the ongoing American naval blockade of Iran, which has been in place since the collapse of the June 17 ceasefire memorandum on July 8. Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf reiterated that any further attacks on Iran would 'meet a faster, heavier and more painful response,' extending the harder rhetorical line he set the day before ('the era of proportionate responses is over'). The renewed multi-day exchange — US strikes on IRGC targets (Sept 1), Iranian retaliation across Jordan, Kuwait, and the UAE (Sept 2-3), and mutual tanker/vessel strikes in the Strait (Sept 5) — keeps a live war-risk premium in oil markets heading into the new week, with commercial shipping through Hormuz still running far below its pre-crisis baseline and the September 16 FOMC meeting now set against a backdrop of both a hawkish August jobs report and an unresolved energy-supply shock.

Iran claimed new attacks on US warships enforcing the Hormuz naval blockade as its parliament speaker warned of a harsher future response
Iran claimed new attacks on US warships enforcing the Hormuz naval blockade as its parliament speaker warned of a harsher future response — Al Jazeera