On the evening of July 22, a major development further escalated the standoff between the U.S. and Iran!

The Iranian military made a tough public statement: if the U.S. military takes action to strike critical civilian infrastructure in Iran—such as bridges and power plants—then Iran will immediately launch a corresponding retaliation, specifically destroying all bridges and energy facilities in the Middle East that are linked to the United States.

Based on the full set of updates today, here’s the picture:
During the day, Trump had just said he would target Iran’s underground nuclear facilities and played down the possibility of negotiations. Now Iran has directly drawn a red line, and the risk of escalating conflict and confrontation between the two sides continues to rise. Once the U.S. side touches infrastructure targets, Iran will directly carry out a large-scale retaliation against the region’s energy lifelines. Crude oil and global risk-aversion sentiment will enter a new round of intense swings, putting further pressure on risk assets; market volatility will be amplified even more. Next, keep a close watch on the two sides’ actual actions—market conditions could see sudden spikes at any time. Make sure to do risk control #特朗普同意Clarity法案纳入伦理条款