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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 Split: Dow Climbs as Tech Retreats on Rate-Cut Jitters


US markets closed mixed on Wednesday, with the Dow Jones Industrial Average eking out a modest gain while the S&P 500 and Nasdaq Composite slipped amid renewed pressure on technology stocks.

  • Dow Jones Industrial Average: edged higher, buoyed by strength in industrial and healthcare names.
  • S&P 500: fell 0.2%, reflecting broader market caution.
  • Nasdaq Composite: dropped 0.7%, extending a tech-led sell-off that began earlier in the week.

The downturn in tech came as investors reassessed the sustainability of the AI-driven rally and rotated into more defensive sectors. Heavyweights like Alphabet, Amazon, and Apple all lost over 1%, while chipmaker Micron tumbled nearly 4%.

Adding to the uncertainty, minutes from the Federal Reserve’s July meeting revealed a split among policymakers, with most favoring a steady rate stance despite signs of a cooling labor market and persistent inflation.

Retail earnings also shaped sentiment. Target reported a profit beat but warned of ongoing consumer and tariff pressures, sending its shares down 6%. Walmart results are due Thursday, with investors watching for further clues on consumer resilience.

All eyes now turn to Fed Chair Jerome Powell’s upcoming remarks at the Jackson Hole symposium, which could offer fresh signals on the timing of potential rate cuts.


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