Iran IRGC: Will target US companies in region as of April 1

Eren Sengezer FXStreet

Iran's state media reported on Tuesday that Iran's Islamic Revolutionary Guard Corps (IRGC) announced that they will target United States (US) companies, including Google, Apple, Intel, Boeing, IBM and Tesla, in the region as of April 1 in retaliation for attacks on Iran.

"These companies should expect the destruction of their respective units in exchange for each terror act in Iran, starting from 8 PM Tehran time on Wednesday, April 1st," the IRGC statement said, as reported by Reuters.

Market reaction

This headline doesn't seem to be having a significant impact on risk mood. At the time of press, the Nasdaq Composite Index was up 1.15% on the day, while the S&P 500 was gaining 1%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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