Iran Military Draws Up New US and Israeli Target List as Araghchi Sets Hormuz Conditions

31 Oct 2026

31 Oct 2026, 15:08 UTC+01:00

Markets TradeReviewed News Desk

Iran’s military escalated its rhetoric on Saturday afternoon. The armed forces chief said the military has drawn up a new list of US and Israeli targets and assets across a wider area, and that forces are ready to respond to enemies “with no geographic limits”, according to wire headlines carried by First Squawk at 14:40 and 14:41 CET. The remarks have not been independently confirmed by US or Israeli officials.

Araghchi’s conditions for talks

About half an hour earlier, Foreign Minister Abbas Araghchi told Al Jazeera what Tehran wants before talks with Washington can resume, per headlines from Walter Bloomberg and First Squawk between 14:09 and 14:19 CET:

• Lifting of sanctions imposed after the Islamabad memorandum of understanding.
• A reduction of US forces in the region.
• Recognition of a new Strait of Hormuz shipping route agreed with Oman, with other routes closed (headline).
• Reopening Hormuz on Tehran’s terms would pave the way for resuming talks with the US (headline).

Araghchi also said Tehran will decide whether any talks are direct or indirect only after the US accepts its conditions. Our earlier report covers the Doha mediation and nuclear proposals.

Why markets care

The Strait of Hormuz carries a large share of seaborne oil, so mixed signals of diplomacy and military threats keep an energy risk premium in play. Crypto is the only major market trading this weekend. Bitcoin was near $77,490 on OKX at 15:00 CET, up about 0.7% over 24 hours, with no sharp reaction to the headlines so far.

What it means for traders

• Headline whipsaw. Diplomatic and military statements are pointing in different directions within the same hour.
• Monday gap risk. Oil, gold and equity futures will price the weekend when they reopen, which can spill back into crypto.
• Thin weekend liquidity. Consider smaller size and wider stops. Compare risk tools in our exchange comparison, with BingX first and OKX second, and see how we test exchanges.

This article is for information only and is not financial advice.

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Sources

• First Squawk on X: Iran armed forces chief: new list of US and Israeli targets
• First Squawk on X: Forces ready to respond with no geographic limits
• Walter Bloomberg on X: Araghchi conditions: sanctions relief, fewer US forces
• Walter Bloomberg on X: Tehran demands recognition of Oman Hormuz route
• First Squawk on X: Reopening Hormuz on Tehran's terms would pave way for talks

News is for information only and is not financial advice. More crypto news