US President Trump says fake news is trying to say he is inviting the enemy to bomb San Diego and LA, when he was actually talking about a temporary increase in the price of gasoline is a small price to pay for Iran not having a nuclear weapon
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US President Trump says fake news is trying to say he is inviting the enemy to bomb San Diego and LA, when he was actually talking about a temporary increase in the price of gasoline is a small price to pay for Iran not having a nuclear weapon
TD Cowen see low odds for reported Starbucks (SBUX)-Chipotle (CMG) deal
French Armed Forces Chief says they are still studying several options with Saudi authorities to provide for the Yanbu oil terminal; have deployed about 2000 soldiers to help protect Gulf Arab allies during regional conflict
On the Newsquawk feed at , 20 minutes before this page.
Context
Remarks of this kind signal a willingness to tolerate higher energy prices as a cost of preventing an adversary's nuclear capability, a framing that historically has accompanied escalation phases rather than de-escalation in Gulf-related standoffs. The established pattern in comparable episodes is that crude and products carry a geopolitical risk premium into the front of the curve, with gasoline cracks and freight and insurance rates on Gulf-linked routes repricing before the flat price settles, while gold and the yen attract haven flows and the dollar's direction depends on whether US or ex-US growth is seen as more exposed to the energy shock. The distinction worth drawing is between rhetoric aimed at shaping negotiations and rhetoric that precedes kinetic action: the former has tended to fade from prices within sessions, the latter has historically been prefigured by shipping insurance repricing, force posture reporting, and allied commentary rather than by presidential remarks alone. Publicly pre-accepting a pump-price increase is notable because administrations sensitive to fuel costs have typically framed such costs as unacceptable, which shifts the read toward resolve being signalled to Tehran and to domestic audiences simultaneously. Worth watching next are official Iranian responses, any movement in physical differentials and tanker rates, and whether other senior officials reinforce or soften the message. As a denial-plus-clarification rather than a policy announcement, the direct signal is the tolerance for higher gasoline prices, not an imminent operational step.
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