President Trump: US could ‘take the oil in Iran’
Reuters is reporting the latest comments delivered by US President Donald Trump in his interview with the Financial Times (FT).
Key quotes
The US could ‘take the oil in Iran’.
The US could seize the export hub of Kharg Island,
Number of Pakistan-flagged oil tankers Iran had permitted through the Strait of Hormuz had now been doubled to 20.
Could take Kharg Island ‘very easily’.
Iranians have no defense on Kharg Island.
Discussions with Tehran are “doing extremely well” and expressed optimism that a deal could be reached “pretty soon.”
Indirect talks via emissaries progressing well.
A deal could be made ‘fairly quickly’.
We’re dealing with different people than anybody’s dealt with before.
It’s a whole different group of people. So I would consider that regime change.
Separately, the Wall Street Journal (WSJ) reported on Monday, citing US officials, that Trump is weighing the military operation to extract Iran’s uranium.
“Washington is also pushing for Iran to hand over the material via negotiations, avoiding a high-risk ground operation,” per WSJ.
Market reaction
The US Dollar Index (DXY) is holding gains near 100.30, up 0.14% on the day, while WTI is adding 1.40% on the day at $100.40, as of writing.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.13% | 0.17% | -0.11% | 0.04% | 0.43% | 0.41% | 0.10% | |
| EUR | -0.13% | 0.04% | -0.22% | -0.09% | 0.34% | 0.27% | -0.04% | |
| GBP | -0.17% | -0.04% | -0.30% | -0.12% | 0.29% | 0.26% | -0.07% | |
| JPY | 0.11% | 0.22% | 0.30% | 0.16% | 0.56% | 0.51% | 0.21% | |
| CAD | -0.04% | 0.09% | 0.12% | -0.16% | 0.39% | 0.30% | 0.04% | |
| AUD | -0.43% | -0.34% | -0.29% | -0.56% | -0.39% | -0.05% | -0.34% | |
| NZD | -0.41% | -0.27% | -0.26% | -0.51% | -0.30% | 0.05% | -0.31% | |
| CHF | -0.10% | 0.04% | 0.07% | -0.21% | -0.04% | 0.34% | 0.31% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
