Germany's Friedrich Merz commented on the ongoing conflict in Iran, suggesting that the Iranian forces are more resilient than previously anticipated. This statement may influence market sentiment through the channel of risk appetite, as perceptions of geopolitical stability or instability can affect investor confidence in the region. Assets most exposed include Iranian equities and oil markets, as heightened conflict could disrupt supply chains and elevate crude prices. Traders will likely focus on upcoming geopolitical developments or statements from international bodies regarding the conflict, which could further impact market dynamics.
GERMANY'S MERZ ON IRAN WAR: IRANIANS ARE CLEARLY STRONGER THAN ONE THOUGHT
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