Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Friday that it had struck and destroyed a US military early-warning radar system in Bahrain, Reuters reported. The group described the attack as retaliation for an airstrike targeting a telecommunications tower in Sirik, a town in southern Iran.
The IRGC warned that any repeated attacks would trigger an unlimited confrontation. It also threatened tougher penalties against companies cooperating with the US on oil shipments through the Strait of Hormuz.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is down 0.65% on the day at $87.47.
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