Trump Threatens Fresh Strikes Against Iran Amid Escalating Tensions
US President Donald Trump has vowed to carry out fresh strikes against Iran in response to attacks targeting US positions in Jordan. He made the comments during a phone interview with Fox News on Wednesday, stating that he would 'let them keep talking,' suggesting ongoing discussions would not prevent military action.
The remarks mark a further escalation in rhetoric between Washington and Tehran as geopolitical tensions remain elevated across the Middle East. Investors are closely monitoring developments, as any further military escalation between the US and Iran could fuel risk aversion across financial markets and boost demand for safe-haven assets.
The US Dollar (USD) reacted with modest gains following Trump's comments, rising 0.04% to trade around $101.45 on the US Dollar Index (DXY). Meanwhile, Oil prices surged, with West Texas Intermediate (WTI) US Oil increasing by 6.4% to $83.40 per barrel as investors priced in the risk of further disruptions to Middle East energy supplies.