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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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Market Caution: U.S. Stock Futures Dip Ahead of Fed Commentary

U.S. stock futures edged lower on Tuesday morning as investors awaited key commentary from Federal Reserve officials. The market is closely watching for insights into the central bank’s policy stance, particularly in light of the recent downgrade of the U.S. sovereign credit rating.

At least seven Fed officials, including St. Louis Fed President Alberto Musalem, are expected to speak throughout the day. Analysts anticipate a divide between hawkish officials supporting a cautious approach and dovish voices emphasizing recent soft inflation data and ongoing trade uncertainties.

Traders currently expect at least two 25-basis-point rate cuts by the end of the year, with the first anticipated in September. Meanwhile, major stock indices showed slight declines in premarket trading, with the Dow E-minis down 0.15%, the S&P 500 E-minis falling 0.33%, and the Nasdaq 100 E-minis dropping 0.45%.

The market remains sensitive to concerns about ballooning U.S. debt, particularly following Moody’s downgrade of the country’s credit rating due to its $36-trillion outstanding debt. Investors will be looking for reassurance from Fed officials as they navigate these uncertain economic conditions.

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