Analyst: Iran's New Supreme Leader Takes Hardline Stance, Shows No Sign of Compromise

BlockBeats News, March 12th, Analyst Dara Doyle stated that the market interpreted the remarks of the new Supreme Leader, Mojtaba Khamenei, as quite hardline, with little sign that Iran is prepared to compromise with the United States and Israel. In his first public statement after taking office, he expressed that the Strait of Hormuz should remain closed and threatened to open new fronts in the war. This has heightened concerns in the market about the continued disruption of the global key oil chokepoint supply. US bond yields and oil prices surged, stocks fell, and the US dollar index rose to a new intraday high. (Krypton)