IRAN'S PARLIAMENT ​SPEAKER QALIBAF SAYS IRAN WILL ,THROUGH EXERCISING CONTROL OVER THE STRAIT OF HORMUZ, ENABLE ITSELF AND ITS NEIGHBOURS TO BENEFIT FROM THE VALUABLE PROSPECT OF A FUTURE WITHOUT THE U.S.

Iran's Parliament Speaker Qalibaf stated that Iran aims to control the Strait of Hormuz to benefit itself and its neighbors by reducing U.S. influence in the region. This assertion could heighten geopolitical tensions, impacting risk appetite among investors, particularly in energy markets due to the Strait's significance for global oil transportation. Oil prices and related assets, such as Middle Eastern equities, are most exposed to potential supply disruptions stemming from increased military posturing or conflict in the area. Traders will be closely watching any developments regarding military deployments or diplomatic negotiations involving Iran and its neighbors, as these could significantly influence market sentiment and oil supply forecasts.

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