Gold slide today as fire exchanged around Hormuz and in the norther Guld. USD higher. 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
