Trump: Israel Struck Iran Over Rejected Nuclear Deal
President Trump confirmed Friday that Israel’s airstrikes on Iran were retaliation for Tehran’s refusal to accept a U.S.-backed nuclear deal. “I gave Iran 60 days to make a deal. Today is day 61,” Trump wrote on Truth Social, calling the strike a direct result of Iran’s inaction. He also claimed Iran's leaders had been repeatedly warned and now “they are all DEAD.”
Iran Hits Back with Drone Barrage
In response, Iran launched nearly 100 drones at Israeli targets. Israel’s defense systems intercepted many, and a state of emergency was declared. While the U.S. wasn’t involved, Secretary of State Marco Rubio said the U.S. had been notified and is focused on protecting its forces.
Markets React: Oil and Gold Surge
WTI oil jumped 8.5% to $73.81; Brent rose to $74.81.
Gold hit $3,426 as investors sought safety.
Bond yields dropped as demand for U.S. Treasuries climbed.
The dollar rebounded, gaining strength against major currencies.
European Stocks Drop, Oil Shippers Climb
The Stoxx 600 fell 0.9%, with airlines and travel companies hit hardest. IAG dropped 4.8%, Carnival fell 4.2%, while oil shippers like Frontline gained 8.2% as supply concerns grew.
As the Israel-Iran conflict deepens, markets remain volatile and geopolitical tensions threaten global stability.
Stay tuned for more updates.
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