Analysts: Iran's new Supreme Leader has taken a hard line, showing no signs of compromise.

According to Odaily Odaily Odaily analyst Dara Doyle, the market interpreted the remarks of newly appointed Supreme Leader Mojtaba Khamenei as quite tough, with seemingly few signs that Iran is prepared to make concessions to the United States and Israel. In his first public statement since taking office, he stated that the Strait of Hormuz should remain closed and threatened to open new fronts in the war. This exacerbated market concerns about continued disruptions to supplies through this key global oil chokepoint. US Treasury yields and oil prices rose sharply, stocks fell, and the US dollar index rose to a new intraday high. (Jinshi)