Iran’s new Supreme Leader has delivered his first major address — and the message was far more serious than many expected.

Here are the key points from his speech:

He demanded that all U.S. military bases in the region be shut down immediately. If they remain operational, he warned they will become direct targets for attack.

He also stated that Iran intends to seek compensation from its enemies. If those demands are rejected, Iran will attempt to seize assets belonging to them. If that cannot be done, he said Iran would destroy an equivalent value of their property.

The leader confirmed that the Strait of Hormuz will remain closed, blocking oil shipments until Iran’s conditions are met.

He also called on countries across the region to choose a side, demanding they publicly state who they believe was responsible for aggression against Iran.

Perhaps the most concerning part of the address was his warning that new battlefronts may soon emerge. According to him, discussions are underway about opening conflict in areas where the enemy has little experience and greater vulnerability. These fronts could be activated if the war continues and if Iran decides it is necessary.

At the same time, he claimed that attempts to divide Iran internally have failed, insisting the country remains united and the government is stable.

Overall, the tone of the speech was not one of compromise. Instead, it sounded like a leadership preparing for escalation.

The message was clear:

The Strait of Hormuz stays closed.

U.S. military assets in the region are potential targets.

And new fronts of conflict could open if the war continues.

For now, global markets appear calm — but if these warnings turn into actions, that may change quickly.$COS

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