Trump pledges more Iran strikes, saying U.S. will be ‘attacking them very hard’
3 mins read

Trump pledges more Iran strikes, saying U.S. will be ‘attacking them very hard’

President Trump: We're going to hit Iran hard today
watch now
VIDEO1:3401:34
President Trump: We’re going to hit Iran hard today
Squawk on the Street

President Donald Trump said Wednesday that the U.S. would hit Iran “very hard” again, escalating his public threats as he pressed Tehran to sign a deal.

Read more Trump signs $70 billion immigration funding bill after months of delay

“We hit them hard yesterday, and we’re going to hit them hard again today,” Trump said at a White House signing event for the Secure America Act. “We’re going to be attacking them and attacking them very hard.”

Trump said Iran “should sign the deal” and said that the U.S. wants an agreement “that’s meaningful and works.”

“We’ll see what happens with the deal,” Trump said.

The comments come after Trump warned on Truth Social that Iran had taken too long to negotiate and would “pay the price” amid escalating military tensions between Washington and Tehran.

“Iran’s Military is a complete and total mess,” Trump wrote Wednesday morning. “Much of it, like their Navy and Air Force, doesn’t even exist anymore — They have been completely defeated. Iran is all talk and no action.”

Oil prices rose and U.S. stock futures fell after Trump’s comments, with U.S. crude climbing nearly 2% to $89.72 per barrel and Brent rising 1.3% to $92.74. The Dow Jones Industrial Average has dropped more than 600 points since the remarks.

Read more World Cup travel boost hasn’t materialized for U.S. businesses — yet

Read more CNBC politics coverage

  • Trump family got about $500M from crypto venture — but investors saw steep losses
  • Trump repeats claims that Iran deal is only ‘days’ away, despite recent strikes
  • USDA Secretary Rollins calls Texas ag chief ‘unserious’ amid screwworm threat
  • Trump nominates Todd Blanche for attorney general amid controversy over DOJ fund

“It’s a military operation,” Trump said, repeating his assertion that oil prices will return to the levels they were at before the war began in February. “When it’s over, you will see oil drop to where it was before.”

Oil could hit $150 per barrel within the next couple of months if the fighting in the Middle East continues, as inventories are now at very low levels, Claudio Galimberti, chief economist at Rystad Energy, told CNBC earlier this week.

Tensions in the Middle East escalated Tuesday after U.S. forces launched strikes against Iran, which U.S. Central Command said were “in response to yesterday’s downing of a U.S. Army Apache helicopter.”

Iran has not directly claimed responsibility for downing the helicopter. Iranian state broadcaster IRIB reported that no offensive military operations had been carried out in the strait in the previous 24 hours.

The Iranian Foreign Ministry did not immediately respond to a request for comment.

Read more Trump says ‘I love the inflation’ after consumer price index hits 3-year high

Leave a Reply

Your email address will not be published. Required fields are marked *