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Iran Assassination Plots Reach Advanced Stages as US Evacuates Diplomats and Brent Crude Hits $117
Read this in the Market Flux appThe United States has ordered diplomatic personnel and their families to leave multiple Middle Eastern countries after a US intelligence memo found that Iran has substantially increased efforts to target American diplomats and officials, with lethal plots described as having reached advanced stages. The memo, reported by Axios and the Financial Times, prompted the US to reduce staffing at four embassies in the region, citing both Iranian threats and danger from Houthi militants in Yemen.
President Trump warned that Washington could launch another military strike against Iran if Tehran does not agree to a deal, and US Ambassador to Turkey Tom Barrack said a strike could occur as early as the weekend, adding that regime change would not be the objective. The conflict, which began in February 2026 with Operation Epic Fury, is now approaching its eighth month. Trump framed the rise in oil prices as an acceptable cost, saying it was a small price to pay for removing a nuclear threat from what he called a very evil country.
Brent crude surged to $117.30 per barrel amid fears of resumed hostilities involving the US, Israel and Iran. Iranian officials told Reuters they have drawn up plans to target seven undersea communications cables in the Gulf, as well as US-linked data centers, AI facilities and oil infrastructure, if attacked again, a threat that could disrupt banking, internet connectivity and financial transactions across the region. Treasury Secretary Scott Bessent said the US economic pressure campaign had significantly weakened Iran's oil exports in under two months, while Persian Gulf oil exports from other producers rose above pre-war levels.
Diplomatically, Iranian Foreign Minister Abbas Araghchi said President Masoud Pezeshkian would travel to Moscow to meet Vladimir Putin the following week, signaling continued Iran-Russia engagement. Turkey and France both urged restraint, with Turkish Foreign Minister Hakan Fidan warning that renewed attacks could widen the conflict and French Foreign Minister Jean-Noel Barrot cautioning that further escalation would push oil prices higher. A New York Times report cited a US official saying Iran is seeking more than it can realistically achieve in any negotiation.
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- Unusual_WhalesPresident Trump has said the United States is not negotiating with Iran and that something will happen fairly soon. Read more:
- BullTheoryioBREAKING: 🇺🇸🇮🇷 US intelligence warns Iranian plots to kill American officials have reached "advanced stages," per Axios.
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- MarketsdayIran–US War Updates: Trump Warns of Fresh Strikes, Iran Threatens Gulf Internet Cables | October 24, 2026 🔹 Trump Warns of Further Military Action: US President Donald Trump warned that Washington could launch another military operation against Iran if diplomatic negotiations fail, saying Tehran should agree to a deal. 🔹 Iran Threatens Undersea Internet Cables: Iranian security officials reportedly said Tehran has drawn up plans to target undersea communications cables in the Gulf if the US and Israel launch fresh attacks. Potential disruptions could affect internet connectivity, financial transactions and cloud services. 🔹 Explosions Reported in Riyadh: Two explosions were reportedly heard in Saudi Arabia’s capital after authorities issued an alert, according to AFP. 🔹 US Economic Pressure on Iran: Treasury Secretary Scott Bessent said Washington’s economic pressure campaign had significantly weakened Iran’s oil exports in less than two months. 🔹 Oil Shipments and Exports: Bessent also said Persian Gulf oil exports had risen above pre-war levels despite Iran’s attempts to disrupt energy shipments. 🔹 Threats Against US Officials: Axios reported, citing a US intelligence memo, that Iran had increased efforts to target US diplomats and officials in the Middle East and beyond, with some alleged plots reportedly at advanced stages. 🔹 Indian National Killed in Saudi Arabia: The Indian Embassy in Riyadh said it was assisting the family of an Indian national killed in an attack on Dammam airport and helping arrange the return of his mortal remains to India. 🔹 Crude Oil Surges: Brent crude reached $117.30 per barrel on Friday amid concerns that hostilities involving the US, Israel and Iran could resume. 🔹 US Signals Possible Strike Timeline: US Ambassador to Türkiye Tom Barrack said a US strike against Iran could occur as early as the weekend, while stating that regime change would not be the objective. 🔹 Iran–Russia Diplomatic Engagement: Iranian Foreign Minister Abbas Araghchi said President Masoud Pezeshkian would travel to Moscow the following week to meet Russian President Vladimir Putin. 🔹 Türkiye and France Urge Diplomacy: Turkish Foreign Minister Hakan Fidan warned that renewed attacks could widen the conflict, while French Foreign Minister Jean-Noël Barrot cautioned that further escalation would harm both sides and push oil prices higher. 🔹 Key Takeaway: Renewed military threats, risks to Gulf communications infrastructure and elevated crude prices are increasing geopolitical uncertainty. Investors will monitor diplomatic developments, energy supply routes and potential disruptions to global trade and financial connectivity. \#IranUSWar #Iran #UnitedStates #DonaldTrump #Geopolitics #CrudeOil #BrentCrude #MiddleEast #GulfRegion #GlobalMarkets #EnergyMarkets #BreakingNews Disclaimer: This update is based on currently reported developments and publicly available information and is provided for informational purposes only. Military, geopolitical, and economic situations can evolve rapidly, and details may change as additional official information becomes available. Financial markets may experience heightened volatility due to geopolitical developments, economic conditions, and other uncertainties. Investors should carefully assess their financial objectives, risk tolerance, and financial circumstances before making any investment decisions and consult a qualified financial advisor where appropriate. Readers are encouraged to refer to official sources for the most up-to-date information. While every effort has been made to ensure the accuracy of the information presented, any inadvertent errors or omissions are sincerely regretted.
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