Iran

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The potential escalation to overt conflict between Israel and Iran is what has been driving oil higher recently.
 

Royal Marines preparing to lead 'Dunkirk-style' evacuation of Britons living in the Middle East should Iran launch missile attacks on Israel after consul blast that killed 13 people​

Royal Marines are poised to lead a ‘Dunkirk-style’ evacuation of thousands of UK nationals from the Middle East should Iran launch a missile strike on Israel.

Commandos have already conducted reconnaissance along the Lebanese coastline ahead of a potential maritime rescue mission.

Tonight, speaking exclusively to the Mail, Defence Secretary Grant Shapps confirmed he ‘stands ready’ to assist any Britons trapped in the region.

The Foreign Office has already advised all UK citizens to leave Lebanon.

Tonight US National Security Council spokesman John Kirby said there remained a ‘serious threat’ of attack while it was reported that Iran had sent a message to Washington warning them against the involvement of US troops in the region.

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Just came out - Iran has launched drone attacks against Israel (confirmed by IDF via cable news.) I'm thinking things are gonna heat up.
 
Cryptos never stop trading. They reacted strong to the downside on the news. Expect stocks to follow on Monday, Not sure how gold will react...
 
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If Iran blocks shipping through the Strait, it's really going to mess with the oil trade.
 

Report to Congress on Iran and U.S. Policy​

The following is the April 22, 2024, Congressional Research Service report, Iran: Background and U.S. Policy.

From the report​

Relations between the Islamic Republic of Iran and the United States have been largely antagonistic since the Iranian Revolution of 1979, with tensions spiking again since 2023. Of particular concern for U.S. policymakers in 2024 are Iran’s regional activities and those of its partners in light of the October 2023 Hamas-led attack on Israel; ongoing attacks against U.S. forces and additional targets in the region by other Iran-backed groups such as the Houthis; and the first-ever direct Iranian military attack against Israel in April 2024. The Iranian government’s human rights violations, its nuclear program, and its increasingly close relationships with Russia and China also pose challenges for the United States. Congress has played a major role in shaping U.S. policy toward Iran, including by authorizing extensive U.S. sanctions, seeking to influence diplomatic engagement with Iran, and funding support to U.S. partners facing Iranian threats. Selected issues on which Congress has engaged include:

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Houthi Drone Attack on Bulker Cyclades | Attacks on Ships in the Indian Ocean​

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