US President Trump says he had a positive call with Russia President Putin; We have massive oil; Iran war will be over soon; Will hit Iran like they have not seen if a deal is not reached

President Trump's remarks about his positive call with Putin and the potential military action regarding Iran create a volatile geopolitical environment.

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US President Trump says he is not considering a bailout for US air carriers, CBS reports

Progress in Iran-US talks may depend on outcome of Trump's China visit, source says via CNN

US President Trump says he had a positive call with Russia President Putin; We have massive oil; Iran war will be over soon; Will hit Iran like they have not seen if a deal is not reached

Newsquawk Daily Economic Releases - 12th May 2026

Iran's Spokesperson of the Parliament's National Security Commission says Iran does not seek to keep the Strait of Hormuz permanently closed, Tasnim reports

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  • Is to meet a large group of generals about Iran. 
Context

This can lead to significant moves in commodities, especially oil, as tensions rise in the Middle East; traders should watch for market responses in crude oil prices and related currency pairs, particularly impacting the USD and JPY.

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