Wall Street analysts have been on edge for weeks over the scope of Israel’s planned retaliation strike after Iran’s large-scale missile barrage on Oct. 1, which may include F-35 stealth fighter jets striking Iran’s nuclear facilities, missile sites and or oil infrastructure. The geopolitical risk premium for Brent crude has faded in recent weeks as US Secretary of State Antony Blinken runs around the Middle East to ensure that IDF jets hold off on any strikes against Iran until after the US presidential elections.

Israel has considered a slew of retaliatory options, reportedly including fighter jets striking Islamic Revolutionary Guard Corps’ high-value military targets, as well as Iran’s leadership, financial networks, oil infrastructure, and nuclear program sites.

About a week ago, Axios reported the leak of a highly classified US intelligence report that revealed new details about Israel’s plans for retaliation against Iran. This leak delayed IDF’s strike.

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