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【Intro】Still bad news: the U.S. strikes an Iranian steel plant

China Fund News reporter: Taylor

Brothers and sisters, tonight the situation is escalating!

On the evening of March 27, after U.S. stocks opened, they once fell sharply.

According to reports, the Iranian Fars News Agency said that the United States and Israel have launched strikes against steel plants in southwestern Iran and targets in the city of Isfahan. The strikes hit two steel plants located in Iran’s central region, in Isfahan Province. The two steel plants are owned by Iran’s two largest producers—Khuzestan Steel Company and Mubarak Steel Company.

This development occurs against the backdrop of a broader range of military operations, which are targeting Iran’s critical infrastructure, including energy facilities, nuclear facilities, and industrial complexes in areas near Isfahan Province and Khorramshahr.

Isfahan is an important industrial hub in Iran, with large-scale steel and manufacturing bases that support the country’s economic and defense systems.

The report said these facilities were hit in separate attacks. At present, emergency rescue personnel have arrived on the scene, but there is no information yet about losses or casualties.

In addition, at the same time, Iran’s Islamic Revolutionary Guard Corps said, “We destroyed multiple U.S. fuel suppliers and logistics support fleets located at the Al Haraji base.”

Not long before that, Israel’s Defense Minister Katz said in a statement that he and Israel’s prime minister

had “warned the Iranian regime to stop firing missiles at Israeli civilians.” Katz said: “Despite having issued the warning, missile attacks are continuing—therefore, (the Israeli military’s) strikes against Iran will be further escalated and expanded to more targets and areas, which are believed to assist the regime in building and operating weapons systems against Israeli citizens. They will pay a heavy and ever-escalating price for these war crimes.”

Also, as the weekend approaches, traders have begun to reassess their positions. One analyst said that Trump often makes major decisions during periods when the U.S. market is closed. He announced on Saturday night that Iran would have 48 hours to reach an agreement, or it would face a wave of devastating strikes; but then, shortly after 7:00 a.m. on Monday, he canceled the plan. This also continues his usual style of “big moves on Saturday.” This means that “if you carry any positions into the weekend, you could face an extremely bad start on Monday morning.”

Editor: Jiaying

Proofreader: Xu Wen

Stocks plummet across the board—more than 120,000 people liquidated! Iran launches a new round of attacks

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