Geopolitical tensions remain in focus for markets following the latest remarks by US President Donald Trump during an interview with CNBC. The US leader said the United States (US) was in a “strong negotiating position” with Iran and expressed confidence that Washington could eventually reach a “great deal” with Tehran.
Donald Trump also said that discussions with Iran were being handled “very successfully,” while stressing that there was not much time left to reach a lasting ceasefire. He added that he does not want to extend the current ceasefire, suggesting that diplomatic and strategic pressure could remain elevated in the coming weeks.
The US president also defended the effectiveness of the blockade imposed on Iran, saying it had already produced results. At the same time, he warned that the United States is “ready to go militarily” if negotiations fail, a statement that keeps geopolitical uncertainty elevated.
Beyond the Iran issue, Donald Trump also commented on relations with China, saying he believed he had reached an understanding with Chinese President Xi Jinping.
Market reaction
The US Dollar (USD) Index shrugged off the comments, edging slightly higher by 0.15% on the day at 98.20.
Source: https://www.fxstreet.com/news/trump-says-iran-deal-possible-but-keeps-military-pressure-202604211326
