Analysts indicate that U.S. President Trump is attempting to achieve goals that thousands of bombs and missiles have failed to accomplish—forcing Iran to end the war on U.S. terms—through a new round of sanctions, maritime blockades, and increased economic pressure on Iran's trade partners. However, this 'forcing Iran to comply' approach has a critical bottleneck: the Iranian Revolutionary Guard Corps has effectively taken control of the Strait of Hormuz and has repeatedly launched large numbers of attack drones towards the Persian Gulf. The Revolutionary Guard is largely immune to economic pressure and possesses numerous means of retaliation. A key moment in this U.S. initiative will occur on Monday when Treasury Secretary Mnuchin unveils details of a new plan aimed at shifting the conflict from mutual airstrikes in the Middle East to comprehensive economic isolation. However, if the new economic pressure truly takes effect, Iran is likely to respond with military strikes targeting energy facilities along the Persian Gulf coast, aiming to drive up oil prices and increase the operational costs for the U.S., forcing Trump to change course once again.
Analysts indicate that U.S. President Trump is attempting to achieve goals that thousands of bombs and missiles have failed to accomplish—forcing Iran to end the war on U.S. terms—through a new round of sanctions, maritime blockades, and increased economic pressure on Iran's trade partners. However, this 'forcing Iran to comply' approach has a critical bottleneck: the Iranian Revolutionary Guard Corps has effectively taken control of the Strait of Hormuz and has repeatedly launched large numbers of attack drones towards the Persian Gulf. The Revolutionary Guard is largely immune to economic pressure and possesses numerous means of retaliation. A key moment in this U.S. initiative will occur on Monday when Treasury Secretary Mnuchin unveils details of a new plan aimed at shifting the conflict from mutual airstrikes in the Middle East to comprehensive economic isolation. However, if the new economic pressure truly takes effect, Iran is likely to respond with military strikes targeting energy facilities along the Persian Gulf coast, aiming to drive up oil prices and increase the operational costs for the U.S., forcing Trump to change course once again.
Analysts indicate that U.S. President Trump is attempting to achieve the goals that tens of thousands of bombs and missiles have failed to accomplish—forcing Iran to end the war on U.S. terms—through a new round of sanctions, maritime blockades, and increased economic pressure on Iran's trade partners. However, this 'forcing Iran to comply' approach has a critical flaw: the Iranian Islamic Revolutionary Guard Corps has effectively controlled the Strait of Hormuz and has repeatedly launched large numbers of attack drones towards the Persian Gulf. The Revolutionary Guard is largely immune to economic pressure and possesses numerous means of retaliation. A key moment in this U.S. initiative will be on Monday, when Treasury Secretary Mnuchin will unveil details of a new plan aimed at shifting the conflict from mutual airstrikes in the Middle East to comprehensive economic isolation. However, if the new economic pressures prove effective, Iran is likely to respond with military strikes targeting energy facilities along the Persian Gulf coast, attempting to drive up oil prices and increase the costs of U.S. actions, thereby forcing Trump to change course once again.
Analysts indicate that U.S. President Trump is attempting to achieve the goals that tens of thousands of bombs and missiles have failed to accomplish—forcing Iran to end the war on U.S. terms—through a new round of sanctions, maritime blockades, and increased economic pressure on Iran's trade partners. However, this 'forcing Iran to comply' approach has a critical flaw: the Iranian Islamic Revolutionary Guard Corps has effectively controlled the Strait of Hormuz and has repeatedly launched large numbers of attack drones towards the Persian Gulf. The Revolutionary Guard is largely immune to economic pressure and possesses numerous means of retaliation. A key moment in this U.S. initiative will be on Monday, when Treasury Secretary Mnuchin will unveil details of a new plan aimed at shifting the conflict from mutual airstrikes in the Middle East to comprehensive economic isolation. However, if the new economic pressures prove effective, Iran is likely to respond with military strikes targeting energy facilities along the Persian Gulf coast, attempting to drive up oil prices and increase the costs of U.S. actions, thereby forcing Trump to change course once again.
The Korea Exchange (KRX) plans to launch a new securities market on November 16, where alternative assets such as artworks, real estate, and music copyrights can be traded through securities accounts in a manner similar to stocks. KRX will conduct a six-week simulation trading period from October 6 to November 13, with the actual opening date potentially adjusted based on the approval progress of listed products by financial regulators. After the market launch, investors will be able to buy and sell through brokerage accounts, with trading hours aligned with the Korean stock market. Initially, related products will be issued and registered in traditional electronic securities form; once the regulations for tokenized securities are expected to take effect in February 2027, STO products based on blockchain distributed ledgers are anticipated to gradually come to fruition.
The Korea Exchange (KRX) plans to launch a new securities market on November 16, where alternative assets such as artworks, real estate, and music copyrights can be traded through securities accounts in a manner similar to stocks. KRX will conduct a six-week simulation trading period from October 6 to November 13, with the actual opening date potentially adjusted based on the approval progress of listed products by financial regulators. After the market launch, investors will be able to buy and sell through brokerage accounts, with trading hours aligned with the Korean stock market. Initially, related products will be issued and registered in traditional electronic securities form; once the regulations for tokenized securities are expected to take effect in February 2027, STO products based on blockchain distributed ledgers are anticipated to gradually come to fruition.
The Korea Exchange (KRX) plans to launch a new type of securities market on November 16, where alternative assets such as artworks, real estate, and music copyrights can be traded through securities accounts in a manner similar to stocks. KRX will conduct a 6-week simulation trading period from October 6 to November 13, with the actual opening date potentially adjusted based on the approval progress of listed products by financial regulatory authorities. After the market launch, investors will be able to buy and sell through brokerage accounts, with trading hours aligned with those of the Korean stock market. Initially, related products will be issued and registered in the form of traditional electronic securities; once the regulations for tokenized securities are expected to take effect in February 2027, STO products based on blockchain distributed ledger technology are anticipated to gradually emerge.
The Korea Exchange (KRX) plans to launch a new type of securities market on November 16, where alternative assets such as artworks, real estate, and music copyrights can be traded through securities accounts in a manner similar to stocks. KRX will conduct a 6-week simulation trading period from October 6 to November 13, with the actual opening date potentially adjusted based on the approval progress of listed products by financial regulatory authorities. After the market launch, investors will be able to buy and sell through brokerage accounts, with trading hours aligned with those of the Korean stock market. Initially, related products will be issued and registered in the form of traditional electronic securities; once the regulations for tokenized securities are expected to take effect in February 2027, STO products based on blockchain distributed ledger technology are anticipated to gradually emerge.
An Yun, Co-Director of Investments and General Manager of the Public Equity Investment Division at Loomis Sayles, stated that based on the information currently available, the risks related to U.S. Treasuries are not a systemic crisis, but rather short-term disturbances in liquidity and confidence. Regarding why the market has reacted strongly to liquidity issues, An believes that the concerns stem more from 'ambiguity + shock.' 'Liquidity issues are complex and difficult to see through at a glance, and once a risk occurs, the short-term impact can be severe, easily misinterpreted as a systemic financial crisis; however, historical cases—such as the UK pension crisis and Silicon Valley Bank—show that liquidity shocks can be quickly addressed by central banks, which is fundamentally different from a debt crisis that requires high leverage. Each shock may even present a buying opportunity.' Meanwhile, supply pressures should not be overly exaggerated. An noted that the issuance of corporate bonds in the U.S. in July significantly decreased compared to June, contradicting market concerns about 'supply flooding'; some of the issuance pressure for U.S. Treasuries in the third quarter has already been released in July, and subsequent supply pressures are expected to ease marginally.
An Yun, Co-Director of Investments and General Manager of the Public Equity Investment Division at Loomis Sayles, stated that based on the information currently available, the risks related to U.S. Treasuries are not a systemic crisis, but rather short-term disturbances in liquidity and confidence. Regarding why the market has reacted strongly to liquidity issues, An believes that the concerns stem more from 'ambiguity + shock.' 'Liquidity issues are complex and difficult to see through at a glance, and once a risk occurs, the short-term impact can be severe, easily misinterpreted as a systemic financial crisis; however, historical cases—such as the UK pension crisis and Silicon Valley Bank—show that liquidity shocks can be quickly addressed by central banks, which is fundamentally different from a debt crisis that requires high leverage. Each shock may even present a buying opportunity.' Meanwhile, supply pressures should not be overly exaggerated. An noted that the issuance of corporate bonds in the U.S. in July significantly decreased compared to June, contradicting market concerns about 'supply flooding'; some of the issuance pressure for U.S. Treasuries in the third quarter has already been released in July, and subsequent supply pressures are expected to ease marginally.
An Yun, Co-Director of Investments and General Manager of the Public Equity Investment Division at Loomis Sayles, stated that based on the information currently available, the risks related to US Treasuries are not a systemic crisis, but rather short-term disturbances in liquidity and confidence. Regarding why the market reacts strongly to liquidity issues, An believes that the related concerns stem more from 'ambiguity + impact.' 'Liquidity issues are complex and difficult to see through at a glance, and once a risk materializes, the short-term impact can be severe, easily misinterpreted as a systemic financial crisis; however, historical cases—such as the UK pension crisis and Silicon Valley Bank—show that liquidity shocks can be quickly addressed by central banks, which is fundamentally different from a debt crisis that requires high leverage. Each shock may actually present a buying opportunity.' Meanwhile, supply pressures should not be overstated. An noted that the issuance of corporate bonds in the US significantly decreased in July compared to June, contrary to market concerns of 'supply flooding'; some of the issuance pressure for US Treasuries in the third quarter has already been released in July, and subsequent supply pressure is expected to ease marginally.
An Yun, Co-Director of Investments and General Manager of the Public Equity Investment Division at Loomis Sayles, stated that based on the information currently available, the risks related to US Treasuries are not a systemic crisis, but rather short-term disturbances in liquidity and confidence. Regarding why the market reacts strongly to liquidity issues, An believes that the related concerns stem more from 'ambiguity + impact.' 'Liquidity issues are complex and difficult to see through at a glance, and once a risk materializes, the short-term impact can be severe, easily misinterpreted as a systemic financial crisis; however, historical cases—such as the UK pension crisis and Silicon Valley Bank—show that liquidity shocks can be quickly addressed by central banks, which is fundamentally different from a debt crisis that requires high leverage. Each shock may actually present a buying opportunity.' Meanwhile, supply pressures should not be overstated. An noted that the issuance of corporate bonds in the US significantly decreased in July compared to June, contrary to market concerns of 'supply flooding'; some of the issuance pressure for US Treasuries in the third quarter has already been released in July, and subsequent supply pressure is expected to ease marginally.
The Deputy Minister of Defense of Iran stated that despite facing difficulties and sanctions, Iran's defense industry has successfully strengthened the 'long arm' of its armed forces, making it more powerful and deterrent. Although the enemy claims to have destroyed it in recent conflicts, Iran has maintained the production lines for the necessary equipment and weapons for its armed forces through careful planning and foresight. Furthermore, new offensive and defensive systems have been successfully deployed on the battlefield under war conditions, and this process continues to advance strongly. Iran will never yield to pressure, and this resistance has broken the strategic deadlock, leaving the Trump administration perplexed.
The Deputy Minister of Defense of Iran stated that despite facing difficulties and sanctions, Iran's defense industry has successfully strengthened the 'long arm' of its armed forces, making it more powerful and deterrent. Although the enemy claims to have destroyed it in recent conflicts, Iran has maintained the production lines for the necessary equipment and weapons for its armed forces through careful planning and foresight. Furthermore, new offensive and defensive systems have been successfully deployed on the battlefield under war conditions, and this process continues to advance strongly. Iran will never yield to pressure, and this resistance has broken the strategic deadlock, leaving the Trump administration perplexed.