Trump Teases Larger Strikes on Iran as Global Leaders Caution on Exchange Rates
President Trump has hinted at restarting major combat operations in Iran, including strikes that would be bigger than those carried out during 'Operation Epic Fury'. In a brief interview with Axios, Trump acknowledged that such a decision would have consequences and stressed he hasn't made a determination yet. No deadline was given for his decision.
Two other U.S. officials confirmed no call has been made and no new orders have been given to the military. Meanwhile, Iran is not ready to make a deal, according to Trump.
In related news, Canada's Prime Minister Mark Carney highlighted the seriousness of the relationship between the US and Canada during interactions this week. Japan's Finance Minister Katayama also noted that the U.S. Treasury's forex report emphasized the importance of avoiding excessive foreign exchange fluctuations.
The European Central Bank (ECB) has taken a cautious approach to monetary policy, with President Lagarde stating that they are positioned adequately to wait for more data before making any decisions. The post-MoU drop in Brent crude was quicker than anticipated, according to Lagarde.