|

Iran’s National Security Council to meet to discuss “criminal attack” that killed Soleimani

The Iranian news agency, the Fars News Agency, is out with the latest headlines, citing a spokesman from Iran’s top security body, National Security Council, as saying that they have convened an emergency meeting to discuss "criminal attack" that killed Iranian Quds Force Commander Soleimani.

Meanwhile, Iran's Foreign Minister Zarif tweeted out: “Killing of Soleimani is 'extremely foolish', a 'dangerous escalation'. the US will have to bear the responsibility for the consequences of its; rogue adventurism'.

He further added that Soleimani killing will strengthen resistance in region.

Also, ex-commander of Iran’s Revolutionary Guards said, “we will take vigorous revenge on America”.

Some minutes ago, Richard Haas, President of Council on Foreign Relations (CFR), warned against Iran’s likely retaliation to the assassination of Iran’s most admired military figure, Soleimani.

Experts believe the US’ direct confrontation on Iran in Iraq has reached a point of no return and will likely get worse amid Iran’s tit-for-tat action.

Oil prices have rallied and reached multi-month tops on geopolitical worries while safe-havens yen and gold are strongly bid amid risk-aversion.

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:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull. 

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance. 

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).