WS #16848
Despite the US midterm elections, geopolitical tensions in the Middle East remain elevated. Iranian officials hailed the Democratic sweep but Supreme Leader Khamenei warned that US policy hostility will not end. Reports of US strikes on Iran's Qeshm Island and the fragile nature of any ceasefire have kept energy markets on edge, with European gas prices falling only marginally and gold reclaiming $4,000 as a safe-haven hedge.
Middle East Geopolitical Friction
Despite the US midterm elections, geopolitical tensions in the Middle East remain elevated. Iranian officials hailed the Democratic sweep but Supreme Leader Khamenei warned that US policy hostility will not end. Reports of US strikes on Iran's Qeshm Island and the fragile nature of any ceasefire have kept energy markets on edge, with European gas prices falling only marginally and gold reclaiming $4,000 as a safe-haven hedge.