Iran has initiated a significant military operation, dubbed "True Promise-4," targeting energy infrastructure associated with the United States. The Islamic Revolutionary Guard Corps issued an urgent statement confirming large-scale missile strikes, describing the action as a direct and proportional response to an attack on Iranian energy facilities the previous day.

The statement indicated that the retaliation aimed at facilities "related to US interests or with American shareholding." It emphasized that Iran had not intended to escalate the conflict into the energy sector or impact neighboring economies, but provocations by adversaries had forced the confrontation into a "new phase."

The armed forces conducted multiple rounds of strikes to ensure the damage inflicted matched the destruction suffered by Iranian infrastructure. The statement warned that if attacks continue, Iran would expand its targets to include all energy infrastructure of US-Israeli allies, with the goal of complete destruction.

In a separate declaration, Iran's Supreme Leader expressed condolences for the assassination of a senior security official and his son, praising the official as a learned, visionary, and loyal figure with decades of experience. He asserted that such acts of terrorism would only strengthen national resolve and vowed that "blood debts will soon be settled."

The Speaker of Iran's Parliament stated that the conflict has entered a new stage, where the rule is "an eye for an eye." Earlier, Iranian reports claimed that a gas refinery was attacked by US-Israeli drones, prompting warnings that US-linked oil facilities would be treated as equivalent to military bases.

Meanwhile, the US Federal Reserve held interest rates steady for the second consecutive meeting, keeping the federal funds rate target range unchanged. The Fed Chair noted that while recent rate cuts have brought policy to a neutral range, uncertainties remain regarding the economic impact of Middle East tensions. He indicated that rising energy prices could increase inflation but assessed it was too early to gauge the full effect.

Market reactions were sharp: Brent crude futures surged over 6%, while gold and silver prices fell significantly. In domestic markets, chemical futures led gains, with methanol prices hitting multi-month highs. Related stocks also rallied strongly.

Analysts highlighted that the methanol market's surge is driven by reduced imports from Iran and declining inventories. Export profits have risen sharply, and production restarts are expected to sustain tight supply conditions. However, sustainability depends on factors like crude oil trends, shipping route stability, and downstream demand.