UK’s Raab urges Iran to pursue urgent de-escalation

The UK Foreign Secretary Dominic Raab released a statement on Wednesday, via Reuters, condemning Iranian missile attacks on military bases in Iraq early Asia.

Key Quotes:

“We condemn this attack on Iraqi military bases hosting Coalition - including British – forces.” 

“We urge Iran not to repeat these reckless and dangerous attacks, and instead to pursue urgent de-escalation.”

Note that US airbases in Iraq also hosted US-led coalition forces including British personnel.

Meanwhile, oil prices have reversed significant part of the intraday rally to multi-month tops while gold treads water below $1600 and USD/JPY hovers below 108.50.