White House Secretary says US President Trump remains confident goals will be achieved swiftly; Trump is not afraid to use options on oil; Trump and energy team are closely watching the markets; US Navy ready to escort tankers when necessary
Newsquawk Staff ·
- Objectives executed ahead of schedule in Iran.
- Operations will end when Trump determines objectives have been met been met, Iran in unconditional surrender.
- US has not escorted a tanker in Hormuz.
- No announcement to make on lifting of energy sanctions.
What it means
The White House's statements reflect a strong U.S. posture towards Iran, suggesting a readiness to escalate if necessary, which could lead to increased volatility in oil markets. The mention of escorting tankers reinforces concerns about supply risks, potentially driving up prices in response. Traders should monitor energy assets and USD fluctuations as geopolitical tensions unfold.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings44 min ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)2 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call2 hours ago
- Etsy Inc. (ETSY) Q3 2026 (USD): EPS 1.00 (exp. 0.77), Revenue 692mln (exp. 668mln)3 hours ago
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels2 hours ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports2 hours ago
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)24 min ago
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)24 min ago
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)24 min ago
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)24 min ago
- US EIA Crude Oil Stocks Change (Oct/23) -1.892M vs. Exp. 0M (Prev. -3.061M); SPR falls 0.1mln to 282.6mln24 min ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M39 min ago
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg33 min ago