US President Trump expresses both Iran and Israel looking for ceasefire
In the European trading session, United States (US) President Donald Trump has expressed confidence that both Israel and Iran are looking for a ceasefire, through a post on Truth Social, while maintaining the stance that the US blockade on Iranian seaports will remain intact until a final deal with Tehran is reached.
“Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a “Final Deal” is reached. Things should move quickly. Thank you for your attention to this matter!” Trump wrote.
Market reaction
Back-to-back posts from US President Trump advocating peace between Israel and Iran have weighed on the oil price. During press time, the WTI Oil price is still 3.8% higher to near $92.00 after correcting from the intraday high of $93.50.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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