US President Trump says taking control of Iran's oil is an option; We have targets we want to hit before we leave
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Turkey sold or swapped 58 tonnes of Gold in 2 weeks to March 20th
Furious Republicans reportedly stormed out of a classified briefing on Iran on Wednesday amid fears the US is preparing to invade the country as Tehran refuses Trump's peace overtures, Daily Mail reports
US President Trump says taking control of Iran's oil is an option; We have targets we want to hit before we leave
UBS (UBSG SW) has halted withdrawals from its EUR 400mln real estate fund for up to three years, FT reports
Russia resumes oil loadings at Primorsk below full capacity
On the Newsquawk feed at , 20 minutes before this page.
- If US doesn't stay at warm, will still protect Gulf.
- Gulf allies probably like US to stay at war with Iran.
Context
Trump's comments about potentially taking control of Iran's oil signal a hawkish stance that could escalate tensions in the region. This may provoke market volatility, particularly in energy markets, as traders assess the implications for oil supplies and broader geopolitical stability. Watch for possible reactions in oil prices, safe-haven assets like gold, and currency movements, especially in the USD.
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