Former Pakistani diplomat Javed Hafeez emphasized Iran's firm stance on maintaining its right to uranium enrichment for peaceful purposes under international law, countering former U.S. President Trump’s demand for complete elimination of the program. This geopolitical tension reinforces risk premiums in energy markets, particularly through the lens of potential supply disruption in the Strait of Hormuz, a critical chokepoint for global oil shipments. Assets linked to Middle East risk exposure, including Brent crude futures and emerging market sovereign bonds in the Gulf region, remain sensitive to escalation risks. Heightened rhetoric could also weigh on international defense and energy equities, especially European firms with regional operations. Traders will watch the next IAEA report on Iran’s nuclear activities as a key catalyst for shifts in risk appetite and energy volatility.
FORMER PAKISTANI DIPLOMAT JAVED HAFEEZ: IRAN IS STANDING FIRM ON ITS RIGHT TO ENRICH URANIUM FOR PEACEFUL PURPOSES UNDER INTERNATIONAL LAW, AGAINST TRUMP'S DEMAND TO ELIMINATE IT ENTIRELY. HE EXPRESSED UNCERTAINTY ABOUT PAKISTAN'S STANCE IF TEHRAN WERE TO REQUEST A URANIUM
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