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".
- 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.
Context
Trump's remarks on the situation in Iran suggest an assertive U.S. stance, indicating ongoing military actions are deemed necessary despite their potential impacts on markets and energy prices. This could stabilize short-term supply concerns but may lead to volatility in oil prices, especially if market participants perceive a prolonged conflict. Generally, the remarks indicate a longer-term diplomatic strategy, which suggests that energy prices might normalize post-conflict if trade routes and energy sourcing adapt as implied.
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