|

Macron speaks to Trump, says Iran must not escalate situation - Reuters

French President Emmanuel Macron says that he spoke to President Donald Trump on Sunday afternoon and said Iran must avoid "destabilising" actions after a top Iranian military commander was killed in a US airstrike in Baghdad.

"Given the recent rise in tensions in Iraq and the region, the President of the Republic highlighted his total solidarity with our allies in light of the attacks carried out in recent weeks against the coalition in Iraq," Macron's office said in a statement.

"He also expressed his concerns regarding the destabilising activities of the Quds force under General Qassem Soleimani and highlighted the need for Iran... to avoid taking any measures that could lead to an escalation in the situation and destablising the region."

Key notes

  • French President Macron says spoke to trump on Sunday afternoon.
  • Macron highlighted his solidarity with France's allies in light of recent attacks against international coalition in Iraq.
  • Macron also expressed his concerns regarding the destabilising effect of the Quds force under Soleimani - statement from Macron's office.
  • Said it was important for Iran to avoid taking measures that could lead to an escalation in the situation and de-stabilise the region.
  • Said France is determined to work alongside its regional and international partners to help de-escalate tensions.
  • Sai priority must be the international coalition's fight against Islamic State, while respecting Iraq's sovereignty.

Marke implications

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

AUD/USD edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar edges higher against the US Dollar as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia rate hikes.

USD/JPY meets support near 157.00

USD/JPY retreats for the third consecutive day on Friday, revisiting the 157.00 region before attempting some recovery as investors continue to assess the latest BoJ meeting, where the central bank left rates unchanged, as widely anticipated.

Gold sinks to fresh yearly lows despite risk-off mood as Fed rate hike bets weigh

Gold slips to fresh year-to-date lows on Friday. The metal struggles despite a risk-off mood across markets, as expectations of further Federal Reserve (Fed) interest rate hikes continue to dominate price action, leaving Gold on track to end the month in negative territory.


Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations
Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
BoJ recap: A pause for now... but Japan has entered a new inflation phase
The Bank of Japan left its short-term policy rate unchanged at 1.25% but delivered a distinctly hawkish message on the risk of an inflation overshoot. The decision passed by 8-1, with board member Takata dissenting in favour of an increase to 1.5%, while Governor Kazuo Ueda stressed that the Bank would continue adjusting policy as needed.
The 2% inflation target came from a throwaway remark. It now moves trillions
The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.