Iran has issued a warning about the severe economic consequences that could follow any new Israeli-led military action, amid ongoing tensions in the Gulf region and the unfolding results of Israel’s recent election. Iranian Foreign Minister Abbas Araghchi emphasized the potential disruption to international markets, particularly energy supplies, stemming from any such conflict.

Speaking in the context of discussions at the recent Gas Exporting Countries Forum summit in Moscow, Araghchi highlighted concerns over the impact on global energy shipments. The Strait of Hormuz, a critical chokepoint through which approximately 20% of the world’s oil and liquefied natural gas exports pass, has been increasingly volatile since the outbreak of hostilities. Iran has imposed blockades in the strait and has reportedly targeted vessels attempting to transit without Tehran’s permission, significantly affecting regional energy logistics.

The escalation in tensions follows a period of heightened conflict involving Iran, Israel, and the United States. Araghchi asserted that any attempt by the US and Israel to renew hostilities would not alter Iran’s stance, pointing to past confrontations as evidence that further military initiatives have failed to achieve their intended outcomes. “They have already done so twice and have seen the results. If they want to try again, they know they will achieve no different outcome from those of the past,” he stated on Sunday.

Complementing the diplomatic warnings, Iran’s military leadership also signaled readiness to respond aggressively to renewed attacks. Mohsen Rezaei, the head of Iran’s security apparatus, indicated that retaliation could extend beyond immediate military targets to include US-associated infrastructure. This could encompass data centers and facilities related to artificial intelligence, suggesting a broadening scope for Iran’s strategic response in the event of further conflict.

These developments come as the Israeli electorate’s recent vote could shape the country’s approach towards the ongoing regional war, with implications for both military strategy and diplomatic engagements. The possibility of renewed hostilities and resulting market disturbances underscores the fragile security situation in the Gulf and the wider Middle East.