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Strait of Hormuz must remain closed as 'tool to pressure enemy,' Iran's new supreme leader says

Geopolitics & WarInfrastructure & DefenseEnergy Markets & PricesInvestor Sentiment & Positioning

Iran's new Supreme Leader Mojtaba Khamenei declared that all U.S. military bases in the Middle East must close immediately and warned those bases will be attacked. This significantly raises the risk of regional military escalation, likely to boost safe-haven flows (gold, USD), increase oil risk premia and volatility in EM assets and regional markets.

Analysis

Iran's new Supreme Leader Mojtaba Khamenei declared that all U.S. military bases in the Middle East must close immediately and warned those bases will be attacked. This significantly raises the risk of regional military escalation, likely to boost safe-haven flows (gold, USD), increase oil risk premia and volatility in EM assets and regional markets.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.80