šŸŒ Market Info

1ļøāƒ£ After Iran attacked Kuwait yesterday, the market once again fluctuated due to the intensifying conflict between the United States and Iran. U.S. stocks, U.S. bonds, gold, silver, and even Bitcoin all declined, while only the dollar and crude oil began to soar again. The current stalemate in the Middle East is putting pressure on both parties. For Iran, the ongoing blockade of the Strait has further exacerbated its economic situation. The long-standing economic sanctions imposed by the United States before the war have already been a significant burden on Iran's economy. Before the 1979 Iranian revolution, the exchange rate was around 70 Iranian rials to 1 U.S. dollar. Since then, the Iranian currency has depreciated by tens of thousands of times. Before the conflict broke out, the exchange rate had reached 1.66 million Iranian rials to 1 U.S. dollar.

2ļøāƒ£ On Wednesday, the exchange rate dropped even further to nearly 1.74 million Iranian rials to 1 U.S. dollar. According to data from the International Monetary Fund (IMF), Iran's current inflation rate is 68.9%, and its GDP growth rate is -6.1%. On the other hand, Trump is also under significant pressure. Last night, the yield on ten-year U.S. bonds approached 4.5%, and the yield on thirty-year U.S. bonds once again approached 5%. With the recent rebound in oil prices, market inflation expectations and expectations of interest rate hikes by the Federal Reserve have increased, putting pressure on risk assets.

3ļøāƒ£ At the same time, within the United States, there are also efforts being made to counterbalance the Trump administrationā€™s policies towards Iran. Recently, the U.S. House of Representatives voted to limit President Trumpā€™s ability to continue the war against Iran without congressional approval. This measure was passed by a vote of 215 to 208. Under the current circumstances, it will depend on which side possesses greater determination and perseverance to persist until the other side collapses firstā€”that side will ultimately emerge as the victor.
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