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Iran warns a US attack could expand the conflict to new areas

The source says the Strait of Hormuz remains closed, keeping oil and equity market risk elevated as strikes continue.

Reported · Written up by our desk · Central Banks

Forexlive reports that Iran’s army warned that if US attacks continue, the conflict could expand to new areas beyond what the enemy expects, signaling it does not plan to de-escalate while strikes continue this week.

The report notes that despite US President Trump’s assertion that Iran wants to make a deal, it says there have been no clear signals from Tehran about negotiations so far.

According to Forexlive, the Strait of Hormuz remains closed, which it frames as a major risk for markets, especially if the confrontation lasts longer than expected.

The outlet also links the risk to oil prices and stock market performance, saying the “buffer” built over the past month is weakening as pressure returns.

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