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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 Slip as Jobless Claims Fall, Rate Cut Hopes Waver

US stock futures edged lower Thursday, extending losses after two straight down sessions, as investors weighed fresh labor market data against ongoing uncertainty over Federal Reserve policy.

  • Dow Jones Industrial Average futures dipped about 0.2%, while S&P 500 futures fell 0.4% and Nasdaq 100 contracts slid 0.5%.
  • The declines follow Wednesday’s session, where the Dow closed down 171 points (-0.37%), the S&P 500 slipped 0.28%, and the Nasdaq Composite lost 0.34%.

The pullback comes despite a positive surprise in the labor market. Weekly jobless claims fell to 218,000, down from 232,000 the prior week, signaling resilience in employment. While encouraging for the economy, the dip complicates expectations for further Fed rate cuts, as policymakers remain divided on the pace of easing.

Adding to the mix, second-quarter GDP growth was revised higher to 3.8% annualized, topping forecasts of 3.3%. Investors are now turning their attention to Friday’s release of the Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation gauge, which could shape the central bank’s next move.

Corporate earnings also remain in focus, with Costco set to report results after the bell.


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