Iran's Supreme Leader considers nuclear enrichment a pillar of the regime that can't be abandoned, Al Hadath reports, citing NYT

• Iran sees having missiles capable of reaching Israel as crucial.
• Iran doesn't believe the U.S. will ease sanctions once it capitulates a deal.
• Iran may try to create a long-term confrontation that would hurt Trump in the midterm elections.
• Khamenei believes Washington's ultimate goal is to topple his regime.

This statement from Iran's Supreme Leader underscores the regime's unwavering commitment to nuclear enrichment, perceiving it as essential for survival against perceived U.S. hostility. The reaffirmation of missile capabilities aimed at Israel suggests an escalation in regional tensions, potentially impacting energy markets as fears of conflict rise. Additionally, Iran's calculation regarding U.S. sanctions and domestic politics adds another layer of complexity to the geopolitical landscape, influencing commodity prices such as WTI and holding implications for broader market sentiment.