Trump says:
We have to make a meaningful deal with IranIt has to be a meaningful deal or something bad will happenConfirms he ordered 22 more B2 bombers ordered to Middle EastWe will find out about Iran in about 10 daysWe may have to take it a step further on Iran
There was a kneejerk move lower in oil on this but Trump’s words contrast with what he’s doing. This headline in the WSJ has oil strongly bid today.
The comments are also being reported in two ways. The first was the meaningful deal comment but the second was “meaningful deal or else” and that’s a different meaning. That’s why oil prices quickly bounced.
The 10-day timeline is also notable. There is short-term speculation about action this weekend but I don’t think that lines up with negotiations. I also don’t think Trump wants to start a war during the Olympics. Next weekend is a different story.
This article was written by Adam Button at investinglive.com.