Iranian Foreign Ministry spokesperson Esmaeil Baghaei characterized the recent military strike against Israel as a defensive measure justified under Article 51 of the UN Charter, while asserting that the United States shares accountability for Israeli regional operations. This rhetoric signals a hardening of Tehran’s diplomatic stance, heightening geopolitical risk premiums through the channel of potential supply disruption in the Middle East. Energy markets and regional equities remain the most exposed assets, as traders price in the heightened probability of a direct, sustained conflict that could jeopardize critical oil transit routes through the Strait of Hormuz. Market participants are now shifting focus toward the upcoming Israeli security cabinet deliberations, which will determine the scale and nature of a retaliatory response against Iranian infrastructure. Any confirmation of strikes targeting Iranian energy facilities would likely trigger a significant volatility spike across global crude oil benchmarks.
Iran Cites UN Charter for Israel Strike, Blames US for Regional Risk
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