Iranian Revolutionary Guard launches 37th wave of strikes, WTI crude oil briefly drops then turns down 0.61%

Gate News reports that on March 10, Iran’s Islamic Revolutionary Guard Corps announced the implementation of Operation “True Commitment 4,” the 37th wave of strikes, in the early hours of March 11 local time. They launched missiles targeting U.S. military bases in Erbil, Iraq, the U.S. Fifth Fleet, and Tel Aviv in Israel. As a result, WTI crude oil (West Texas Intermediate futures) briefly fell into negative territory, currently trading at $85.9, down 0.61%, after previously rising over 2%.

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