Iran Supreme Leader says Iran is not seeking war but will not forfeit its rights
- Still awaiting appropriate reaction from southern neighbours so Iran can "show you our brotherhood"
- Will seek retribution for attacks on it, Is moving to a new phase of managing the Hormuz strait.
- Iran is resolute in taking revenge of its late supreme leader and its Martyrs.
Context
The Iranian Supreme Leader's statement underscores a complex geopolitical posture; by asserting that Iran is not seeking war while also indicating a readiness for retribution, it suggests heightened tensions in the region. This duality can impact oil prices and broader market sentiment, especially considering Iran's critical role in the Strait of Hormuz, a vital shipping route. Traders should watch for volatility in commodities and FX markets, particularly in WTI and currencies like the USD, EUR, and JPY, as these developments unfold.
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