US President Trump told NYP he believes the Iran war is likely to end soon and that other nations can reopen the Strait of Hormuz themselves
- We’re not going to be there too much longer.
- On The Strait of Hormuz, “Well, I think it’ll automatically open, but my attitude is, I’ve obliterated the country. They have no strength left, and let the countries that are using the strait, let them go and open it… because I would imagine whoever’s controlling the oil will be very happy to open the strait".
- Declined to say if he was considering dispatching his negotiating team, including Witkoff and Vance, to Pakistan or another country.
Context
Trump's comments suggest an optimistic outlook on the Iran situation, indicating a potential easing of tensions that could impact oil supply routes, particularly through the Strait of Hormuz. If this sentiment resonates broadly, it may lead to decreased risk premium in energy markets, affecting commodities like WTI and Brent Crude, as well as currencies closely tied to oil revenues, such as the Gulf states' currencies.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#IMPORTANT#FOREX#EQUITIES#ENERGY#EU SESSION#US SESSION#DOW JONES INDUSTRIAL AVERAGE#WTI#COMMODITIES#GOLD#S&P 500 INDEX#NASDAQ 100 INDEX#BRENT CRUDE#DXY#TRUMP