Market Flux Event
Iran Declares All-Out War Footing as Rubio Warns Tehran Has Squandered Nuclear Deal Chances
Read this in the Market Flux appOn the third anniversary of the October 7, 2023 Hamas attacks, the broader Middle East conflict reached a new pitch as Iran declared itself in an "all-out war" and vowed to resist its enemies, while U.S. Secretary of State Marco Rubio said Tehran has failed to take advantage of "multiple opportunities" to reach a nuclear agreement. Iranian President Masoud Pezeshkian said his country was in talks with neighbors to meet its needs, as the U.S.-led military and economic campaign has left Iran's economy collapsing under tight sanctions and a naval blockade.
Rubio, speaking during a visit to Greece, said the Trump administration has been destroying Iran's military and military-industrial capacity, that Iran's economy is collapsing, and that Iran has "completely lost control" of the Strait of Hormuz, the waterway through which a fifth of the world's oil once flowed. Adding to the pressure, Iran's army signaled it would launch preemptive strikes if needed, and an adviser to the Revolutionary Guards commander said "illegal routes" in the Strait of Hormuz would soon be closed.
The resignation of Iran's oil minister Mohsen Paknejad, accepted by President Pezeshkian days earlier, added to the sense of internal strain. Paknejad pushed back against Trump's claim that the resignation reflected intense pressure, insisting it was unrelated to U.S. actions, though analysts noted Iran's last oil cargoes were running out by mid-October. Oil markets watched the warnings around the Strait of Hormuz closely, with crude approaching $100 a barrel.
Israel, meanwhile, held ceremonies marking three years since the October 7, 2023 attacks, in which 1,200 people were killed and 251 taken hostage. The anniversary arrived amid a continuing war in Gaza and a sharp shift in the Democratic Party's traditional support for Israel, reflecting widespread public revulsion over Prime Minister Benjamin Netanyahu's conduct of the conflict, according to analysts writing in major U.S. outlets.
© AI-generated summary is provided by Market Flux
Sources
- France24_en🇮🇱 "Every Israeli knows where they were on that fateful morning." As Israel marks the third anniversary of the October 7, 2023 attacks by Hamas, in which 1,200 people were killed and 251 others were taken hostage, journalist Uri Schneider tells us more about the marks the attack has left on the nation.
- FirstSquawkRUBIO: GREECE "TRUE, AND STRONG AND MODEL NATO ALLY."; US, GREECE WORKING TO COMBAT ILLICIT TRAFFICKING IN CULTURAL ARTIFACTS "TO PROTECT OUR SHARED CULTURAL HERITAGE."
- FinancialjuiceUS Secretary of State Rubio: Iran has failed to take advantage of multiple opportunities to reach agreement with us on nuclear program.
- Osint613Secretary of State Marco Rubio: "Trump is destroying Iran's military and military industrial capacity." "Iran has failed, its economy is collapsing, and now it faces sanctions."
- Bresreports.@PunchbowlNews AM today - GOP’s redistricting bet is getting expensive. 9 redrawn seats still in play despite $100 million-plus in spending - Inside Hassan’s new oversight aims - Collins, Jackson face in Maine - What we’re watching - CCM’s Nevada ‘28 move
- MarketsdayNorth Korea Warns U.S. on Taiwan Arms, Backs Russia to Putin KCNA criticized the arrival of Taiwan's first two F-16V jets from a 2019 U.S. order, accusing Washington of destabilizing the Taiwan Strait and challenging China's claim over the island. Kim Jong Un called Putin a 'dearest friend' in a birthday message, vowing to expand their strategic partnership and expressing confidence in Russia's victory in its 'sacred war of justice.' These statements underscore North Korea's alignment with Beijing on Taiwan and Moscow amid its support for Russia's Ukraine efforts.
- BusinessThree years after the Oct. 7 attacks, and amid widespread revulsion over Netanyahu’s actions, the Democratic Party’s tradition of ironclad support for Israel is now buried beneath the rubble in Gaza, @RonBrownstein writes (via @opinion)
- OpinionThree years after the Oct. 7 attacks, and amid widespread revulsion over Netanyahu’s actions, the Democratic Party’s tradition of ironclad support for Israel is now buried beneath the rubble in Gaza, @RonBrownstein writes
Show 13 more
- EuronewsIsraeli ambassador to France accuses far-left @FranceInsoumise of being antisemitic, comparing its leader Jean-Luc Mélenchon to Hitler. @yzarka also told #EuropeToday that there will be a reaction to antisemitism claims against far-right leader @J_Bardella "if they are true."
- AhramonlineAnniversary of the #Genocide: Satellite images show how Israel erased the face of #Gaza
- DeItaone*IRAN AMRY SAYS IT WILL LAUNCH PREEMPTIVE ATTACK IF NEEDED: FARS
- PiQMarketsRussia launches widespread missile and drone attacks across Ukraine, killing at least 15 Russia launched a massive overnight missile and drone assault across Ukraine, killing at least 15 people and damaging residential buildings, industrial facilities, and infrastructure. Ukrainian officials reported downing over 80% of the drones launched, but ballistic missiles remain a challenge.
- ReutersIsrael marks three years since October 7 Hamas attack
- Capital_HungryIRANIAN PRESIDENT SAYS NATION FACES 'ALL-OUT WAR': FARS NEWS AGENCY IRAN PRESIDENT SAYS IN TALKS WITH NEIGHBORS ON MEETING NEEDS - FARS Mixed war headlines, watching for any Oil and DXY pressure
- Ncitayim🇮🇷 Iran's former oil minister Mohsen Paknejad pushes back against Trump's claim that his resignation shows Iran is under intense pressure: "My resignation has nothing to do with Trump's claims last night... although I was sanctioned... just a few months after taking office as the Minister of Oil, by the grace of God, the process of producing and exporting Iranian oil continued."
- _MorkieDEEP STRIKE: Ukraine conducts a massive drone assault targeting Moscow, confirmed by Russian officials as an escalation of the conflict that underscores Kyiv's expanding capability to hit deep within Russian territory. 🇺🇦🇷🇺
- JavierBlasIran's Islamic Revolutionary Guard Corps says that it will block "soon" the "illegal" routes in the Strait of Hormuz, according to the semi-official Fars news agency. (effectively, the first public admission by the IRGC that the waterway isn't closed anymore)
- WarMonitor3Algerian military transport aircraft appear to be making continuous flights to Moscow on military equipment runs even flying over Polish airspace as military support connected to Russias war continues. What…
- KalshiJUST IN: Iran says it will block "illegal routes" in the Strait of Hormuz
- SquawkCNBC.@JGreenblattADL reflects on the 3rd anniversary of the Oct. 7th Hamas attacks on Israel:
- ZSchneeweissFarage’s Reform clears aides of breaking law in UK donations row via @AlexJFMorales @alexwickham