Iran’s IRGC says will respond decisively to any further hostile military aggression

Iran’s Islamic Revolutionary Guard Corps (IRGC) on Monday that its aerospace forces carried out retaliatory drone and ballistic missile strikes against US targets at two air bases in Jordan earlier in the day, Reuters reported.

IRGC said in a statement that the strikes were in response to the "U.S. and Israeli air aggression" against Iran's southern Larak Island in Hormozgan province on Sunday night.”

Iranian military emphasized that it will respond decisively to any further hostile military aggression, adding that the IRGC is also out saying that "all ships must comply with its rules for passage through the Strait of Hormuz."

Meanwhile, Iranian President Masud Pezeshkian said on Monday that his country "does not seek war" but will respond to "aggressions," following the crossfire reported between Washington and Tehran on Sunday.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is up 2.22% on the day at $84.60.