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88GEOPOLITICS

IAEA refers Iran to UN Security Council over new activity at fortified nuclear site

⚡ Markets: Increases the geopolitical risk premium in oil markets and heightens the probability of direct military confrontation involving Israel or the US, which would be extremely bullish for oil and gold.BrentWTIGoldXAUUSD

The UN's nuclear watchdog, the IAEA, has detected new construction at Iran's fortified 'Pickaxe Mountain' underground nuclear site. Citing Iran's lack of cooperation, the IAEA board voted to refer Tehran's nuclear file to the UN Security Council for the first time in 20 years, a major diplomatic escalation.

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