US President Trump says US continues to carry out large scale combat operations in Iran; on Iran, says they would soon have missiles capable of reaching America; Iran refused to cease its pursuit of nuclear weapons
- Regime ballistic missile programme was expanding rapidly.
- An Iran with nuclear weapons would be intolerable to US.
- This was "our" last best chance to strike.
- Objectives are clear, including destroying missile capacity.
- Ensuring they cannot obtain a nuclear weapon.
- Have knocked out 10 Iranian ships.
- Ensuring Iran cannot fund or direct armies outside of their border.
- On Iran, will easily prevail.
- Ahead of time projections, projected 4-5 weeks but can go far longer.
- On Iran war timeline, says whatever it takes.
Context
President Trump's statements underscore a marked escalation in US-Iran tensions, emphasizing military operations and the urgency of addressing Iran's missile capabilities and nuclear ambitions. This heightened geopolitical risk could buoy safe-haven assets like gold and the USD while negatively impacting equities and risk-sensitive currencies. Market participants should monitor the evolving situation closely, as potential military actions may trigger significant volatility across multiple asset classes.
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