Forex & Trading·Jul 22, 2026

Iran broadens its threats as the rhetoric turns increasingly dangerous

Both sides continue to ratchet up the rhetoric, with the warnings becoming increasingly broader and more forceful. Iran's Revolutionary Guard (IRGC) warned that if its bridges or power plants are attacked, it would retaliate by cutting electricity supplies to U.S. regional allies, expanding the potential battlefield to critical civilian infrastructure. The maritime front is also heating up. The IRGC Navy claimed it has "absolute control" over the entrance and exit to the Strait of Hormuz and warned commercial vessels against attempting alternative shipping routes, saying they would be "unsafe and dangerous" and could face "serious and irreparable consequences." The comments underscore Iran's effort to project control over one of the world's most important energy chokepoints. Adding to the uncertainty, Arab media cited by Fars reported several explosions in Kuwait, although there has been no immediate confirmation regarding the cause or any connection to the broader conflict. Meanwhile Trump - in addition to his threats - reposted the following on his TruthSocial account: President Trump has often been labeled by critics as "TACO" ("Trump Always Chickens Out"), a reference to the view that he ultimately backs away from his toughest threats. But with the November elections approaching, gasoline prices back above $4.00 a gallon, U.S. service members at risk of injury or death, and reports that Israeli Prime Minister Netanyahu is heading to Washington, the pressure to take a tougher stance could grow. Whether that leads to greater military escalation remains to be seen. It's easy to see the gathering gloom. Everyone hopes it never reaches the doom. But one thing is certain: war is ugly. PS: Irans top joint military command says US Pres. repeated threats will only lead to expansion of war in the region and beyond. If US attacks on threats, Iran will stop all Gulf oil flow and target oil, gas, electricity and economic infrastructure in the region This article was written by Greg Michalowski at investinglive.com.

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Iran broadens its threats as the rhetoric turns increasingly dangerous
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Both sides continue to ratchet up the rhetoric, with the warnings becoming increasingly broader and more forceful. Iran's Revolutionary Guard (IRGC) warned that if its bridges or power plants are attacked, it would retaliate by cutting electricity supplies to U.S. regional allies, expanding the potential battlefield to critical civilian infrastructure. The maritime front is also heating up. The IRGC Navy claimed it has "absolute control" over the entrance and exit to the Strait of Hormuz and warned commercial vessels against attempting alternative shipping routes, saying they would be "unsafe and dangerous" and could face "serious and irreparable consequences." The comments underscore Iran's effort to project control over one of the world's most important energy chokepoints. Adding to the uncertainty, Arab media cited by Fars reported several explosions in Kuwait, although there has been no immediate confirmation regarding the cause or any connection to the broader conflict. Meanwhile Trump - in addition to his threats - reposted the following on his TruthSocial account: President Trump has often been labeled by critics as "TACO" ("Trump Always Chickens Out"), a reference to the view that he ultimately backs away from his toughest threats. But with the November elections approaching, gasoline prices back above $4.00 a gallon, U.S. service members at risk of injury or death, and reports that Israeli Prime Minister Netanyahu is heading to Washington, the pressure to take a tougher stance could grow. Whether that leads to greater military escalation remains to be seen. It's easy to see the gathering gloom. Everyone hopes it never reaches the doom. But one thing is certain: war is ugly. PS: Irans top joint military command says US Pres. repeated threats will only lead to expansion of war in the region and beyond. If US attacks on threats, Iran will stop all Gulf oil flow and target oil, gas, electricity and economic infrastructure in the region This article was written by Greg Michalowski at investinglive.com.

  • Both sides continue to ratchet up the rhetoric, with the warnings becoming increasingly broader and more forceful.
  • Iran's Revolutionary Guard (IRGC) warned that if its bridges or power plants are attacked, it would retaliate by cutting electricity supplies to U.S. regional allies, expanding the potential battlefield to critical civilian infrastructure.
  • Adding to the uncertainty, Arab media cited by Fars reported several explosions in Kuwait, although there has been no immediate confirmation regarding the cause or any connection to the broader conflict.
  • PS: Irans top joint military command says US Pres. repeated threats will only lead to expansion of war in the region and beyond.
  • If US attacks on threats, Iran will stop all Gulf oil flow and target oil, gas, electricity and economic infrastructure in the region This article was written by Greg Michalowski at investinglive.com.
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Both sides continue to ratchet up the rhetoric, with the warnings becoming increasingly broader and more forceful. Iran's Revolutionary Guard (IRGC) warned that if its bridges or power plants are attacked, it would retaliate by cutting electricity supplies to U.S. regional allies, expanding the potential battlefield to critical civilian infrastructure. The maritime front is also heating up. The IRGC Navy claimed it has "absolute control" over the entrance and exit to the Strait of Hormuz and warned commercial vessels against attempting alternative shipping routes, saying they would be "unsafe and dangerous" and could face "serious and irreparable consequences." The comments underscore Iran's effort to project control over one of the world's most important energy chokepoints. Adding to the uncertainty, Arab media cited by Fars reported several explosions in Kuwait, although there has been no immediate confirmation regarding the cause or any connection to the broader conflict. Meanwhile Trump - in addition to his threats - reposted the following on his TruthSocial account: President Trump has often been labeled by critics as "TACO" ("Trump Always Chickens Out"), a reference to the view that he ultimately backs away from his toughest threats. But with the November elections approaching, gasoline prices back above $4.00 a gallon, U.S. service members at risk of injury or death, and reports that Israeli Prime Minister Netanyahu is heading to Washington, the pressure to take a tougher stance could grow. Whether that leads to greater military escalation remains to be seen. It's easy to see the gathering gloom. Everyone hopes it never reaches the doom. But one thing is certain: war is ugly. PS: Irans top joint military command says US Pres. repeated threats will only lead to expansion of war in the region and beyond. If US attacks on threats, Iran will stop all Gulf oil flow and target oil, gas, electricity and economic infrastructure in the region This article was written by Greg Michalowski at investinglive.com.

Integrity note  ·  Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at Forexlive. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

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investingLive Americas FX news wrap 22 Jul. Middle east tensions keep markets on edge. Oil higher.
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investingLive Americas FX news wrap 22 Jul. Middle east tensions keep markets on edge. Oil higher.

. The pair is trading near highs for the day and highs from July at 0.81509. The high price has reached just short of that at 0.8148 (up 0.86% on the day). ). ). End-of-day Treasury yields: 2-year: 4.3063% (+4.5 bps) 5-year: 4.4089% (+4.0 bps) 10-year: 4.6585% (+3.1 bps) 20-year: 5.1708% (+2.7 bps) 30-year: 5.1490% (+1.8 bps) The relatively larger rise in shorter-dated yields suggests markets continue to price in a Federal Reserve that is likely to keep policy restrictive for longer, while the weaker 20-year auction highlighted lingering concerns over supply, fiscal deficits, and the willingness of investors to absorb increasing Treasury issuance without demanding higher yields. Despite the rise in long-end yields, the curve flattened modestly as shorter maturities underperformed. Dow Jones Industrial Average:52,224.23 (-6.00, -0.01%) S&P 500:7,498.97 (-10.24, -0.14%) Nasdaq Composite:25,690.90 (-146.30, -0.57%) Russell 2000:2,959.94 (-27.46, -0.92%) The session reflected a cautious tone ahead of key after-hours earnings from Alphabet, Tesla, ServiceNow, IBM, and Texas Instruments, with investors trimming exposure in growth and small-cap stocks while the blue-chip Dow managed to finish essentially unchanged. GE Vernova (GEV):-8.51% to $987.03 Tencent ADR (TCEHY):-6.17% to $55.47 Palantir (PLTR):-6.11% to $124.56 Coinbase Global (COIN):-5.53% to $166.12 DoorDash (DASH):-5.50% to $177.70 Roblox (RBLX):-5.43% to $49.65 Corning (GLW):-5.18% to $154.01 Box (BOX):-4.98% to $28.45 Zoom Video (ZM):-4.41% to $85.81 Salesforce (CRM):-4.15% to $163.00 Super Micro Computer (SMCI):+19.84% to $30.56 Dell Technologies (DELL):+9.32% to $441.80 Alcoa (AA):+4.08% to $46.16 AT&T (T):+3.55% to $23.05 CF Industries (CF):+3.55% to $127.33 Deere & Company (DE):+3.52% to $607.54 Newmont (NEM):+3.52% to $95.75 Athena Global Technologies (ATHN):+3.39% to $57.00 Philip Morris (PM):+3.38% to $194.27 General Motors (GM):+3.28% to $82.13 The broad theme of the session was profit-taking in technology, AI, and other high-growth stocks, with higher Treasury yields weighing on valuation-sensitive sectors ahead of a major round of earnings reports from Alphabet, Tesla, ServiceNow, IBM, and Texas Instruments after the closing bell. In other markets, Crude oil is trading up $2.08 or 2.47% at $86.36 Gold is trading up $53 or 1.3% at $4133 Silver is trading up $0.87 or 1.5% at $59.63 Bitcoin is trading down $500 and $65,879 This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source
ECB expected to hold, but EURUSD is nearing a breaking point after being confined.
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ECB expected to hold, but EURUSD is nearing a breaking point after being confined.

What is expected? Decision (8:15 AM ET / 12:15 GMT) Deposit Facility Rate: 2.25% (expected unchanged) Main Refinancing Rate: 2.40% (expected unchanged) Marginal Lending Facility: 2.65% (expected unchanged) Why is the ECB expected to pause rates? Inflation has eased from earlier highs but remains above the ECB's 2% target. Growth across the euro area remains sluggish. The recent surge off the declines in oil prices due to increased Middle East tensions creates upside inflation risks, but policymakers are likely to wait for more data before acting again. The ECB already raised rates in June and is expected to assess how those tighter financial conditions filter through the economy. What will traders focus on? 1. September guidance (most important) Markets want to know whether Lagarde continues to leave the door open for another rate hike in September. A more confident inflation outlook would be euro-positive, while emphasizing growth risks could weigh on the euro. 2. Energy prices The renewed jump in crude oil following Middle East tensions has complicated the inflation outlook. Traders will listen for whether the ECB believes higher energy costs risk spilling over into broader inflation. 3. Data dependence Expect Lagarde to stress that future decisions remain meeting-by-meeting and data dependent, avoiding any firm commitment on September. What about the technical picture? What is the roadmap for traders? The good news for traders is that markets rarely stay this quiet forever. Extended consolidations eventually give way to trending moves. The challenge is identifying which side wins the breakout. On the hourly chart, the prolonged sideways action has caused the 100- and 200-hour moving averages to converge, with both currently sitting near 1.1423. The pair broke below those moving averages on Monday, retested them yesterday, and again found sellers near the same levels today. As a result, the short-term bias remains modestly bearish while the price stays below those trend-defining averages. Those moving averages now serve as the market's immediate barometer. A move back above them would shift the near-term bias in favor of the buyers, while remaining below keeps sellers in control. The longer-term range boundaries are equally important. With the pair currently trading near 1.1410, support at 1.1362 sits just 48 pips lower. A sustained break below that level would increase the bearish bias and open the door toward the June low at 1.1323. On the topside, a move back above the converged moving averages would target the 38.2% retracement at 1.1462, followed by last week's high at 1.1482. Those resistance levels are only about 50 to 70 pips above current prices. In other words, while the EURUSD appears to be going nowhere, it actually doesn't have to travel very far before a meaningful directional move begins. The roadmap is well defined. The wildcard is Thursday's ECB rate decision. Expectations are for policymakers to leave rates unchanged and avoid any major surprises, which could produce more of the same range trading. However, markets are built to move, and periods of unusually low volatility often precede larger directional swings. The EURUSD has been unusually quiet for weeks. Whether the ECB provides the catalyst or not, traders should be prepared for the possibility that this long period of consolidation is nearing its end. This article was written by Greg Michalowski at investinglive.com.

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