May 11: Iran reaffirms military readiness, vows decisive, crushing response to any new aggression

Iran reaffirmed its military readiness and warned of a ‘decisive and crushing’ response to any further aggression by the United States or its allies. The country emphasized that its proposal for ending the war is rooted in legitimacy and international law, while criticizing the US for ‘unreasonable demands’ shaped by Israel. Global markets are experiencing volatility due to rising oil prices and concerns over the closure of the Strait of Hormuz.