|

Iran is said to be assessing 13 retaliation 'scenarios' against the US - Fars News

Iran’s leading news agency, Fars News Agency, is out with the latest headlines, stating that Iran is reportedly assessing 13 retaliation 'scenarios' against the US.

Iran said that the weakest retaliation scenario itself will cause a "historic nightmare", the Iranian press cites.

Iran Front Page Editor-in-Chief quoted Iran’s Supreme National Security Council secretary Shamkhani, saying that “I cannot give more information, but I can say that the revenge operation for the assassination of Qasem Soleimani will not be just one single operation.”

"13 scenarios for the revenge over the assassination of Qasem Soleimani have so far been discussed in Iran's Supreme National Security Council & even if all agree on the weakest scenario, yet it will bring a historic nightmare for America", Shamkhani added.

Shamkhani further noted: “A total of 19 bases, including 11 head bases, are the closest to eastern & western borders of Iran, & along with 8 US bases in north & south of Iran, are on high alert. We’re aware of their military personnel & equipment & we're tracking their smallest developments”.

Markets have turned risk-averse again on the likely Iranian retaliation news, as USD/JPY hits fresh session lows near 108.30 while S&P 500 futures erases most gains.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Editor's Picks

GBP/USD gains traction above 1.3400 as softer US CPI dampens Fed rate hike expectations

The GBP/USD pair gains ground to near 1.3405 during the early Asian session on Wednesday. The US dollar weakens against the British Pound as softer-than-expected US inflation in June tempered expectations for US Federal Reserve policy tightening. The release of the US June Producer Price Index report will be in the spotlight later in the day. 

EUR/USD gathers strength above 1.1400 after soft US inflation data

The EUR/USD pair gains ground to near 1.1425 during the early Asian trading hours on Wednesday. The US Dollar weakens against the Euro as softer-than-expected US inflation data temporarily eased pressure on the Federal Reserve. Traders will take more cues from the US Producer Price Index report, which is due on Wednesday. 

Gold remains a ‘sell-on-rise’ trade amid US-Iran hostilities

Gold is resuming its downtrend toward two-week lows near $3,985 early Wednesday, following a temporary pullback seen on Tuesday, as there seems to be no end to the renewed hostilities between the United States and Iran concerning the Strait of Hormuz.

Hyperliquid representatives, Trade[XYZ] meet SEC Crypto Task Force to discuss digital asset regulation

The US Securities and Exchange Commission's Crypto Task Force met with representatives from the Hyperliquid Policy Center, XYZ Ltd., which operates Trade[XYZ] and Sullivan & Cromwell LLP to discuss regulatory approaches to digital assets, according to a memorandum released Tuesday.

2% and nothing else: Why Warsh gave Congress three hours of Greenspan

The Federal Reserve Chair who wants the institution to say less spent Tuesday legally required to say more, on the one morning the data handed him something pleasant to say. June's Consumer Price Index fell 0.4% on the month, the steepest single-month decline since April 2020.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.