US President Trump says strategic objectives are nearing completion, must complete mission in Iran and will finish the job very fast, adds Iran can never be trusted with nuclear weapons
Trump's remarks indicate a significant escalation in tensions with Iran, suggesting that military action could be imminent.
PBoC sets USD/CNY mid-point at 6.8880 (Prev. 6.9025)
US President Trump says will hit Iran's electric plants if there is no deal, adds we could hit their oil, we have all the cards and they have none
US President Trump says strategic objectives are nearing completion, must complete mission in Iran and will finish the job very fast, adds Iran can never be trusted with nuclear weapons
[MARKET UPDATE] Oil prices gain amid the comments from US President Trump outlining success in the Iran conflict with WTI returning above the USD 100/bbl level
US President Trump says in primetime address that Iran's navy is gone and air force is in ruins, adds most of Iran's leaders are dead and Iran's ability to launch missiles and drones curtailed
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Says:
- US has plenty of gas.
- US produces more gas then Saudi Arabia and Russia combined.
- Countries that get oil via Hormuz must cherish it and must take the lead.
- Suggests countries buy oil from the US.
- Hormuz will naturally open when conflict is over.
- We are on track to complete all of America's military objectives shortly, very shortly.
- Will hit Iran very hard over the next 2-3 weeks.
- Will bring Iran back to the stone ages, where they belong.
This rhetoric could have immediate implications for energy markets and safe-haven assets, particularly oil prices, as any conflict in the region impacts supply routes, especially through the Strait of Hormuz. Traders should monitor how this geopolitical risk affects the USD, equities, and commodities in the near term.
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