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Market Chatter: Iran Vows to Escalate as Attacks Intensify

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Iran is prepared for a prolonged war with the US and will intensify counterstrikes if Washington continues attacking its territory and infrastructure, Bloomberg reported on Wednesday, citing a senior Iranian official.

The official reportedly said Tehran would not yield to a US naval blockade or attacks on its oil tankers, despite worsening economic pressures. Iran has rebuilt military capabilities since the war's most intense phase in April and retains enough missiles for an extended conflict.

The comments came after renewed strikes by both sides, including attacks on energy and commercial vessels. Brent crude rose above $100 per barrel as tensions around the Strait of Hormuz persisted.

The Iranian Foreign Ministry did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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