Iran's President Masoud Pezeshkian announced during a state TV broadcast that Tehran will refrain from attacking neighboring countries unless they initiate hostilities first. This statement follows recent US-Israel strikes that prompted Iranian retaliation. The apology and conditional stance aim to de-escalate regional tensions but leave room for future military responses if perceived threats escalate. The market implications hinge on reduced geopolitical risk in the Middle East, which could lower safe-haven demand for assets like gold and the US dollar. However, lingering uncertainties about Iran's nuclear program and potential US-Iran clashes may keep volatility alive. Traders should monitor oil prices and regional currency pairs for directional bias. For global markets, the key focus will be on how this policy shift affects OPEC+ dynamics and energy markets. Gulf investors should watch for shifts in capital flows into regional equities and sovereign bonds. The USD/EUR pair and oil prices are critical indicators to track over the next 48 hours.
Breaking: Iran says no more attacks against neighbouring countries “unless they attack first”
Iran's President Masoud Pezeshkian announced during a state TV broadcast that Tehran will refrain from attacking neighboring countries unless they initiate host
ForexEF
2026-03-07
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