CNN: President Donald Trump gave conflicting answers today about his Iran war strategy. At a news conference, he said US goals may be “pretty well complete” after telling House Republicans that “we haven’t won enough.”…
New York Times: After a day of conflicting signals about when the war against Iran might end, President Trump struck a belligerent tone Monday evening, warning of even more aggressive action if Iranian leaders tried to cut off the world’s energy supply.
“We will hit them so hard that it will not be possible for them or anybody else helping them to ever recover that section of the world,” Mr. Trump said, meeting with reporters…
The Globe and Mail: Trump said the war would continue until Iran is “totally and decisively defeated,” but predicted it would be over soon.
“It’s going to be finished pretty quickly,” he told Republican lawmakers. “We’ve already won in many ways, but we haven’t won enough,” he said.
Trump did not, however, define exactly what victory in the war would look like…
Bloomberg: Treasuries gained late in New York trading after President Donald Trump signaled the war with Iran may end soon, capping a volatile day for global bond markets…
CNN: Downplays oil price rise: The president said the US has struck over 5,000 targets, but the military is leaving “some of the most important targets for later in case we need to do it.” Trump also claimed the war would lead to lower oil prices over the long term…
Bloomberg: President Donald Trump said he plans to waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted the war with Iran would resolve “very soon” as he confronted mounting economic and political pressures after days of dramatic fluctuations in oil markets…
Washington Post: Oil prices reached heights not seen since the aftermath of Russia’s 2022 invasion of Ukraine on Monday before falling back by the time markets closed, as the Trump administration sent mixed signals about its Iran plans…
Wall Street Journal: Finance ministers from Group of Seven economies met Monday to discuss whether to release crude to counteract the loss of Middle Eastern supplies.
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The meeting showed growing concern in the Trump administration and allied governments about the fast-spreading effects of the Iran war on energy markets. The Strait of Hormuz, the exit point for ships in the Persian Gulf, is effectively closed, trapping more than 1,000 vessels and forcing major Gulf oil producers to cut output…
Financial Times: The decision to consider tapping strategic petroleum reserves marks a U-turn for the Trump administration, which said last week releases from the stockpile would not be needed to stabilise markets. But energy analysts said the record increase in oil prices over the past week left policymakers little choice but to release strategic stocks to try to soothe markets…
New York Times: While officials look for ways to ease oil shocks, experts say higher prices will likely persist until traffic through the Strait of Hormuz returns…
Financial Times: Donald Trump’s attack on Iran will deliver a bigger blow to European and Asian economies than to the US itself, which will be partly cushioned from the effects thanks to its large domestic energy sector, analysts say…
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