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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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Wall Street Futures Stall After Record Highs Amid Trade Uncertainty and Earnings Jitters

 

Wall Street futures paused Friday morning following a week of record-breaking rallies for the S&P 500 and Nasdaq Composite, as investors digested mixed earnings reports and looming trade deadlines.

At 5:41 a.m. ET, Dow futures rose 61 points (0.14%), S&P 500 futures edged up 5.75 points (0.09%), while Nasdaq 100 futures dipped slightly by 1.75 points (0.01%). This comes after the S&P 500 notched its fourth consecutive record close, fueled by optimism around artificial intelligence and strong corporate earnings.

However, the rally faces headwinds. Intel shares dropped nearly 6% in premarket trading after the chipmaker forecast steeper third-quarter losses and announced layoffs. Tesla also spooked investors earlier in the week with warnings of rough quarters ahead due to shrinking EV subsidies.

Trade negotiations are another source of uncertainty. The U.S. has struck deals with Japan, Indonesia, and the Philippines, but talks with the EU and South Korea remain unresolved ahead of the August 1 deadline for new tariffs. President Trump’s visit to the Federal Reserve and his criticism of its $2.5 billion renovation project added to market unease, though he downplayed the possibility of firing Fed Chair Jerome Powell.

Despite the pause, all three major indexes are on track to end the week with gains, supported by upbeat earnings—over 80% of S&P 500 companies reporting so far have exceeded analyst expectations.


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