Iran warns of powerful attack on predetermined targets in view of repeated threats by Trump
Iran's military warned of powerful attack on predetermined targets in view of repeated threats by US President Donald Trump.
Key quotes
If US wants to maintain the shadow of war, it should consider the Strait of Hormuz effectively fully closed.
Will use force if necessary to break blockade.
Won't reopen Hormuz while naval blockade persists.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 4.98% on the day at $89.80.
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