$XAUT Iranian Parliament Speaker Mohammad Bagher Ghalibaf described the current conflict in the Middle East as a "major world war" in a recent speech. He highlighted Hezbollah's role as a "key and effective pillar" in the resistance axis, while praising Iraqi militias for "fighting bravely." Ghalibaf also stated that the Houthi group in Yemen is ready to spring "surprises." These statements come amid escalating geopolitical tensions, potentially impacting global energy markets and increasing regional instability. Investors are closely monitoring developments, as any escalation could cause volatility in oil prices and affect financial market sentiment.