Since the conflict between Israel and Iran erupted, it has resulted in hundreds of deaths on both sides, and the spread of the conflict has temporarily halted shipping routes in the Persian Gulf and the Mediterranean, causing oil prices to spike and global markets to become tense.
U.S. military increases troop strength, Trump calls for evacuation of Tehran
Just a few hours ago, U.S. Defense Secretary Haskel stated that he has instructed Central Command to deploy "additional capabilities" to strengthen regional defense. President Trump also posted on Truth Social during the G7 summit in Canada this morning, urging the approximately 9.5 million residents of Tehran to evacuate as soon as possible, while repeatedly reaffirming that "Iran cannot possess nuclear weapons."
Iran should have signed the "agreement" I called for long ago. It's shameful and a waste of lives. Simply put: Iran must never possess nuclear weapons, I have said it over and over again! Everyone should evacuate Tehran immediately!
Trump emphasized that if Iran takes military action against U.S. interests, America will respond on a "large scale." White House spokesperson Lovett later confirmed that Trump ended the summit early due to the situation in the Middle East and returned to Washington on the night of the 16th. These signs seem to indicate that the U.S., not involved in the initial wave of attacks, is preparing to intervene in this war, leading to a collective downturn in risk markets.
Bitcoin fell in response
As soon as Trump's post came out, Bitcoin quickly dropped from nearly $109,000, once approaching $106,000. Before the deadline, it reported at $107,172, almost entirely reversing last night's gains.
Currently, the outlook for Middle Eastern oil supply is uncertain, with the United Nations and multiple countries calling for restraint but no signs of easing so far. Israeli Prime Minister Netanyahu stated that U.S. and Israeli goals align... The next steps will depend on whether Iran is willing to restart negotiations, whether Israel will escalate its offensive, and whether Trump will maintain the existing balance of "pressure without intervention."
