Iran’s missiles have hit American base near Erbil airport in Iraq’s Kurdistan – Reuters citing Fars
|There are fresh reports that Iran’s missiles have hit an American base near Erbil airport in Iraq’s Kurdistan, Reuters has reported, citing Fars. In addition, Iran has apparently said it is prepared to stop if no US response. Considering that there have been no reports of US casualties following the strike, the US could well decide it is best not to escalate this into a full-blown war. In additional news, we are hearing also reports of intense military jet activity above Iraq capital.
FX implications
Should the threat of war dissipate, we will see markets move back to risk-on and potentially heavily so. If the time was ever for a war between the US and Iran, let alone WW3, it was following this retaliation from Iran.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.