Headlines

Trump appears ready to attack Iran as US strike force takes shape, Washington Post reports

Newsquawk Staff ·

  • Still, it remains unclear whether Trump has approved military action, sources said. One consideration, some said, is the ongoing Winter Olympics, which concludes this Sunday.
  • After the talks on Tuesday, diplomats now believe that Iran is not prepared to budge from its “core positions,” including its right to enrich uranium.

What it means

The report of Trump's potential military action against Iran raises significant geopolitical tensions, particularly with ongoing negotiations appearing to stall. This situation could have immediate implications for energy prices, specifically WTI crude oil, as well as broader risk sentiment in equities and currency markets, particularly for the USD and safe-haven currencies like JPY and CHF.

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