US forces destroy command facilities of Iran’s IRGC

US military officials said on Tuesday that they have destroyed command posts of Iran’s Revolutionary Guards as well as Iranian air defense and missile launch sites since the start of the joint Israeli-US offensive on Saturday.

"US forces have destroyed Islamic Revolutionary Guard Corps command and control facilities, Iranian air defense capabilities, missile and drone launch sites, and military airfields during sustained operations. We will continue to take decisive action against imminent threats posed by the Iranian regime,” said US Central Command.

ECB’s Lane: Prolonged conflict could lead to a substantial spike in inflation

European Central Bank (ECB) chief economist Philip Lane said on Tuesday that a prolonged conflict could lead to a substantial spike in inflation. At the same time, it could also cause a sharp drop in output in the euro area. 
Read more Previous

WTI surges to near $73 as Strait of Hormuz closure prompts supply shocks

West Texas Intermediate (WTI), futures on NYMEX, trades 2.3% higher to near $73.00 during the early European trading session on Tuesday.
Read more Next