CENTCOM Strikes IRGC Targets in Iran, Tehran Retaliates
US Central Command (CENTCOM) announced that it completed a strike wave on September 1 targeting the Islamic Revolutionary Guard Corps' (IRGC) air defense systems, radars, naval assets and facilities, mining capabilities, and communication centers. The strikes were conducted in response to the IRGC's actions against commercial vessels in the Strait of Hormuz. In retaliation on the same day, Iran launched missile and UAV attacks against US bases and assets in Jordan, Bahrain, Iraq, and Kuwait; the Iranian military issued statements claiming it would deliver "crushing and destructive blows" against the US.
Oil Surges Sharply: Brent Above %2 at 96,59 Dollars
Following the mutual strikes, Brent crude rose over %2 to 96,59 dollars, while WTI crude oil increased by %1,73 to 91,78 dollars. Market participants believe that if the Iran-US conflict persists, oil prices will maintain their high and volatile course; negotiations to reopen the Strait of Hormuz have largely come to a standstill.
Gold Fails to Recover Despite Geopolitical Risk
While escalating Middle East tensions were expected to increase traditional safe-haven demand, XAU/USD maintained its suppressed course around 4.300 dollars. Alongside rising oil prices and US bond yields, strengthening expectations of a September rate hike following Fed Chair Kevin Warsh's speech at Jackson Hole largely offset the support provided to gold by the geopolitical risk premium.
Ekonomik Takvim | 31 August - 5 September 2026
🇺🇸 Friday, September 4
US Non-Farm Payrolls (NFP)
The last major data on the labor market before the Fed's September rate decision; in an environment of ongoing geopolitical tensions, a surprise result could re-price rate hike expectations.
⚠️ CFDs and forex trading carry a significant risk of loss and may not be suitable for every investor. Follow global markets with FXPARTNER, evaluate economic developments with instant analysis, and make informed trading decisions. This content is for general information purposes only and is not investment advice.
Trade with the right broker
While following market developments, check out brokers compared based on regulation, cost, platform, and withdrawal reliability criteria.
See Broker RankingsThis content is for general information purposes and does not constitute investment advice. You are advised to conduct your own research and, if necessary, consult an expert before making investment decisions.