US President Trump says the actions in Iran are justified, despite the impact on the market and energy prices from it, speaking to CNBC; administration officials understood that it had to happen. Have "totally won the war".
Importance
Level 1
- Would take Iran 20yrs to rebuild if they left the conflict now.
- The Dow is holding up, I thought the market would have been down much more, and the oil would be much higher. When the conflict is over, energy prices will return to normal levels quickly.
- If you would had told me that oil is at USD 90/bbl as opposed to USD 200/bbl, I would have been surprised. Other countries are finding energy from other places, going to Alaska etc. When there are problems, people find solutions.
- Will not be rushed re. Iran. Want to make a good deal, this can not be rushed. Can't let others who are "treasonous" put pressure on the talks and the timelines. "Have all the time in the world".
- Do not want Iran to have hope.