Global Markets React to Iran's New Leader's Stance

Analyst Dara Doyle indicates that the market perceives the statements of Iran's new Supreme Leader, Mujtaba Khamenei, as notably uncompromising. According to Jin10, there appears to be little indication that Iran is prepared to make concessions to the United States and Israel. In his first public address since taking office, Khamenei asserted that the Strait of Hormuz should remain closed and threatened to open new fronts in the event of war. This has heightened concerns about prolonged disruptions in the supply of a critical global oil passage. Consequently, U.S. Treasury yields and oil prices have surged, while stock markets have declined, and the dollar index has reached a new intraday high.