"If Trump wants to fall into a hole with his madness, we have prepared a black hole for him from which it will be impossible for him to get out", Tasnim reports citing an Iranian military source
The Iranian military's threats towards Trump signal heightened tensions, particularly regarding oil facilities and pricing.
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[MARKET UPDATE] Equities and gold face pressure following Tasnim report; Oil prices move higher
"If Trump wants to fall into a hole with his madness, we have prepared a black hole for him from which it will be impossible for him to get out", Tasnim reports citing an Iranian military source
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- "Have prepared good surprises for Trump's possible madness; One of them is the addition of "Aramco" oil facilities, "Yanba" oil facilities and the Fujairah pipeline to Iran's goals, and in case of Trump's crime, Iran will not hesitate to impose heavy costs on America and its partners."
- "Trump thinks that with these threats the strait will be opened and the price of oil will go down! He doesn't know that if he carries out his threat, he will have to wait for the oil price of $200 in the coming days."
This rhetoric suggests Iran is prepared to retaliate economically if provoked, potentially leading to significant implications for oil markets and risk sentiment, particularly given the mention of $200 oil. Traders should monitor potential moves in commodities, as well as safe-haven currencies amid escalating geopolitical risks.
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