An Iranian lawmaker said on Sunday that any country that allows the United States to use its territory or airspace to attack Iran would become a “legitimate military target

An Iranian lawmaker stated on Sunday that any country permitting the United States to use its territory or airspace for attacks on Iran would become a "legitimate military target." The remark signals a potential widening of the geographic scope of any US-Iran confrontation, raising the prospect that Gulf states and other regional hosts of US military infrastructure could be drawn into hostilities. The primary transmission channel is geopolitical risk premium: a perceived expansion of conflict tends to lift crude oil prices through supply-disruption expectations, particularly given the Strait of Hormuz's role in global seaborne oil flows, and to bid up safe-haven assets such as gold, the US dollar, and Treasuries. Energy equities, defense contractors, and shipping and insurance names in the Gulf are most directly exposed, while regional sovereign debt and currencies face heightened risk-off pressure. Traders should watch Brent crude's response at the next weekday open and any follow-up statements from Iranian or US officials regarding base access or airspace arrangements.

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