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Iran has reportedly identified offices and assets linked to major U.S. technology companies in the Middle East as potential targets as the conflict against the U.S. and Israel escalates.
Iranian state-affiliated Tasnim News Agency published a list titled “Iran’s new targets” naming regional offices, cloud infrastructure, data centers, and development facilities connected to several American tech firms, including Alphabet Inc.’s (GOOG, GOOGL) Google, Amazon (AMZN), Microsoft (MSFT), NVIDIA (NVDA), IBM (IBM), Oracle (ORCL), and Palantir Technologies (PLTR), according to a report by CNN on Wednesday.
“With the expansion of the regional war into an infrastructure war, the scope of Iran’s legitimate targets gradually becomes broader,” according to the report.
Iran also warned that banks and financial institutions linked to the U.S. and Israel in the Middle East could be targeted, after reports of an attack that hit a bank in Tehran.
Russia is helping Iran apply advanced drone tactics developed during the war in Ukraine to target U.S. and Gulf nation assets in the Middle East, according to a CNN report on Wednesday.
The tactics involve the use of Shahed drones, originally designed by Iran but mass-produced by Russia, which have proven effective at penetrating Gulf air defense systems. The report added that while Russia previously shared general targeting intelligence, providing specific tactical guidance marks a deeper level of support.
In a post on X, Ukrainian President Volodymyr Zelenskyy also claimed that Russia started supporting the Iranian regime with drones.
This comes just days after Trump’s Special Envoy to the Middle East, Steve Witkoff, said Russia denied sharing intelligence with Iran about U.S. military assets during a phone call between the U.S. President and Vladimir Putin earlier this week.
Israeli officials have privately acknowledged there is no certainty that the war with Iran will lead to the collapse of its clerical government, as there have been no signs of a public uprising so far, according to a senior official cited by Reuters on Wednesday.
Despite comments by Trump suggesting the conflict could end soon, Israel believes Washington is not close to calling for an end to the fighting. Israel and the U.S. have also not issued a joint public statement outlining clear war goals or the conditions that would end the campaign.
Meanwhile, oil prices rose again on Wednesday after falling below $90 per barrel the day before. At the time of writing, Brent Crude futures for May 2026 deliveries climbed more than 2% to $91 a barrel.
The International Energy Agency agreed to release 400 million barrels of oil from emergency reserves to stabilize markets disrupted by the Middle East war. Together, IEA members hold more than 1.2 billion barrels in emergency stockpiles and about 600 million barrels in industry reserves under government mandates.
The SPDR S&P 500 ETF (SPY), which mirrors the S&P 500 index, was up by 0.2% at the time of writing, while the Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100 index, gained 0.5%. However, the SPDR Dow Jones Industrial Average ETF Trust (DIA), which tracks the Dow Jones Industrial Average, fell 0.3%.
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