Iranian President says Iran will not yield to foreign powers, adding that Iran has the right to defend itself

The Iranian President's comments reinforce the nation's stance against foreign intervention, potentially heightening tensions in the region. This rhetoric may lead to volatility in commodities, particularly oil and gold, while influencing safe-haven flows towards currencies like the JPY and CHF. Traders should remain cautious of broader market impacts, particularly in energy prices and associated currencies during times of geopolitical strain.