Iran's New Supreme Leader Takes Hardline Stance, Oil Price Continues to Rise, US Stock Market's Big Three Indexes Experience General Decline

BlockBeats News, March 12, Iran's newly appointed Supreme Leader Mujtaba Khamenei made his first statement since taking office, stating: "The Hormuz Strait must remain closed. All US military bases in the region should be immediately shut down, as these bases will come under attack. Research has been conducted on other fronts in areas where the enemy has little experience and is highly vulnerable; if the state of war continues and deems it appropriate, these fronts may be activated."

Analyst Dara Doyle stated that the market interpreted the remarks of the new Supreme Leader Mujtaba Khamenei as quite hardline, with little sign that Iran is prepared to compromise with the United States and Israel.

According to Bitget data, oil prices continued to rise, with WTI crude oil rising over 9% intraday, currently at $96.42 per barrel. Spot gold fell 0.93% intraday, currently at $1,528 per ounce. The three major US stock indexes fell, with the Nasdaq down 1.82%, the Dow down 1.45%, and the S&P 500 down 1.39%.

Cryptocurrencies remained resilient in the market turmoil, according to Bitget data, with Bitcoin up 0.05% in the past 24 hours, currently at $70,399; Ethereum up 0.66% in the past 24 hours, currently at $2,067.