Iran's Warning Sends Oil and Markets on High Alert
Iran's Parliament Speaker Mohammad Bagher Ghalibaf warned of a 'faster, heavier and more painful response' to any new attacks on the country. This warning followed U.S. Central Command's statement that American forces struck three Iranian crude-oil tankers on Saturday after Iranian ballistic-missile attacks on two U.S. Navy ships.
The main economic risk is that further attacks delay oil deliveries, discourage shipping or raise transport costs, which could squeeze corporate profits and household spending while complicating the inflation outlook.
Morning traders will be watching for a sustained decline in Bitcoin (BTC) and Ethereum (ETH), as they often trade throughout the weekend. A rapid recovery would suggest the initial selling lacked follow-through.