Reply To: Cautious Investor — Market Weekly

#97832
Truman
Participant

Trump says Iran will be hit hard and “at some point” the US will take Kharg Island

Trump writes on Truth Social:
The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most of its offensive capability, are GONE!), VERY HARD TONIGHT. At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela, which is working out brilliantly for both Venezuela and the United States of America. Thank you for your attention to this matter! President DONALD J. TRUMP

Trump also spoke with Fox News just now and said:

We are talking to them
My preference would be to take Kharg Island
Not sure the US has the appetite for it
Says he does not want to deploy ground troops
I’d rather note hit bridges and power plants
People would not be able to drink water, I don’t want to do that

Oil jumped nearly $2.50 on the Kharg comment and now 20 minutes later, Trump is walking back his own threat with the line that he’s “not sure the US has the appetite for” taking it.