Iran geopolitics

Iran’s Succession Void Lifts Gold to $4,171 as Yen Drifts to 162

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Iran's Succession Void Lifts Gold to $4,171 as Yen Drifts to 162

Snapshot Three signals define Monday’s cross-asset picture: gold clearing $4,171.10 per ounce for a fresh cycle high, the yen extending its slide to 162.17 against the dollar, and a striking 5.27% single-session surge in the KOSPI — all unfolding against a geopolitical backdrop that grew materially more opaque over the weekend. The proximate macro catalyst … Read more

Hormuz Saber-Rattling and $95 Oil: The Supply Risk Markets Are Mispricing

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Iran just reminded the world that the Strait of Hormuz—through which 21 million barrels of oil per day flow, roughly 21% of global petroleum liquids consumption—remains a single-decision choke point. A senior Iranian politician this week described closure of the strait as “on the level of an atomic bomb” for the global economy, while US-Iran … Read more