Iran’s Supreme Leader Khamenei: Israel made a huge mistake and will be punished for that

• Israel made a huge mistake and will be punished for that.
• People will not forget the blood of ‘martyrs’ and the attack on their territory.

There’s nothing here other than the usual threats. The market is focusing on the potential direct US involvement in the conflict and possible disruption to oil supply in the Strait of Hormuz. The latter risk is the biggest one on a macro perpective.

This article was written by Giuseppe Dellamotta at www.forexlive.com.