US Strike Threat on Iran and Oil Price Surge

Amid the escalating situation in the Middle East, the US is considering striking Iran this coming weekend. Tehran has threatened massive retaliatory attacks on Gulf countries' infrastructure.

The escalation has led to a sharp rise in commodity prices. Brent crude rose by 4.8%, and WTI by 4.9% over the past day amid fears of supply disruptions.

Diplomatic confrontation reaches a critical point, forcing international companies and states to take preventive security measures.

• US Ambassador to Turkey Tom Barrack stated about a potential US operation against Iran in the coming weekends.
• Iran has developed detailed plans to destroy underwater internet cables and block their repair to isolate the region.
• The US has begun evacuating some diplomats and their family members from Saudi Arabia.
• Oil major Saudi Aramco also evacuated headquarters staff for security purposes.

Tehran allows for diplomatic resolution of the conflict but insists on its conditions, including lifting the naval blockade. Negotiations between the parties remain at a stalemate.

A key date remains November 3, when midterm elections will be held in the US. Donald Trump previously stated plans not to conduct new strikes before the vote, but the risk of resumed hostilities could significantly increase after the elections.