Lates News

Analyst Dara Doyle said that the market interprets the remarks of the new Supreme Leader, Mojtaba Khamenei, as quite tough, with little sign that Iran is prepared to make concessions to the United States and Israel. In his first public statement since taking office, he stated that the Strait of Hormuz should remain closed and threatened to open new fronts in the war. This has heightened concerns in the market about the ongoing disruption of global key oil passage supply. US bond yields and oil prices surged while the stock market fell and the US dollar index reached a new high for the day.